Britain stands to lose more than EU from lack of trade deal by end-2020 – EU

European Commission President Ursula von der Leyen delivers a speech during a debate at the European Parliament in Strasbourg, France, December 18, 2019. REUTERS/Vincent Kessler

BRUSSELS (Reuters) – Britain stands to lose more than the European Union if the two fail to strike a trade deal by the end of next year, the head of the European Commission Ursula von der Leyen told the European Parliament on Wednesday.

Britain set a hard deadline of December 2020 on Tuesday to reach a new trade deal with the European Union, betting that the prospect of another Brexit cliff-edge would force Brussels to move quickly to seal an accord.

“The timetable ahead of us is extremely chal


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