UK Prime Minister Boris Johnson told reporters today that there are “two key things” stuck in the Brexit trade negotiations with the EU. The UK is now “very very likely ” to come out of the EU “on World Trade terms”, i.e., no-deal Brexit.

“There are two key things where we just can’t seem to make progress and that’s this kind of ratchet clause they’ve got in to keep the UK locked in to whatever they want to do in terms of legislation, which obviously doesn’t work,” Johnson said. “And then there is the whole issue of fish where we’ve got to be able to take back control of our waters.”

“It is looking very, very likely that we will have to go for a solution that I think would be wonderful for the UK, and we’d be able to do exactly what we want from January 1 – it obviously would be different from what we’d set out to achieve but I have no doubt this country can get ready and, as I say, come out on World Trade terms,” he added.

European Commission President Ursula von der Leyen said after the EU summit “positions remain apart on fundamental issues” in the the post-Brexit trade negotiations with the UK. They would decide on Sunday “whether we have conditions for an agreement, or not”. But, “one way or the other, in less than three weeks, it will be new beginnings for old friends”.

She insisted that EU’s proposals would not undermine UK’s sovereignty. On the level playing field, “this is not to say that we would require the UK to follow us every time we decide to raise our level of ambition, for example, in the environmental field,” she added. “They would remain free – sovereign if you wish – to decide what they want to do. We would simply adapt the conditions for access to our market accordingly the decision of the United Kingdom, and this would apply vice versa.”

UK Prime Minister Boris Johnson warned yesterday’s that there’s now a “strong possibility” of leaving the EU with no-deal. He has asked the cabinet to “make those preparations”. though, negotiation will continue until the newly set deadline of Sunday.

He said, “I do think we need to be very, very clear. There is now a strong possibility – a strong possibility – that we will have a solution that is much more like an Australian relationship with the EU than a Canadian relationship with the EU.”

“What I told the cabinet this evening is to get on and make those preparations. We’re not stopping talks, we’ll continue to negotiate but looking at where we are I do think it’s vital that everyone now gets ready for that Australian option,” Johnson said.