With less than 48 hours to go until the final deadline for a trade agreement between the UK and the European Union, it has become increasingly likely that January 1 will see a completely different set of rules for exports and imports.

UK Prime Minister Boris Johnson said on Friday, December 11, that that a ‘no deal’ is very, very likely. He added that he thought a no deal outcome – after many months of talks – would be wonderful for the UK which would be able to do exactly what it wanted to do from January.

The fishing industry has played a central part in the failure of talks, not because Britain’s remaining fisheries are more than a blip in terms of GDP, but because it is a symbol of the UK’s full independence.

He said the nation will come out of the Union on World Trade Terms. This will mean substantial duties on items that play an important role in the British economy, including farm produce and car parts.

There are also widespread concerns about a shortage of seasonal fruit and vegetables, the bulk sourced from Europe, catastrophic disruption at the ports, and in the medium term a loss of jobs at a time when the coronavirus crisis is still not under control.

FILE PHOTO: A French trawler. France’s Emmanuel Macron has lobbied hard for his country to maintain its position as a major beneficiary of current EU quotas Reuters