People celebrate at the statue of Winston Churchill as Britain leaves the EU on Brexit day in London, Britain, January 31, 2020. REUTERS/Henry Nicholls
LONDON (Reuters) – British Prime Minister Boris Johnson would consider a looser trade agreement with the European Union, similar to the bloc’s ties with Australia, rather than follow EU rules to reach a closer deal, a government source said on Saturday.
“There are only two likely outcomes in negotiation – a free trade deal like Canada or a looser arrangement like Australia – and we are happy to pursue both,” the source said.
Johnson is due to give a major speech on trade on Monday, following Britain’s departure from the EU on Friday after nearly 50 years of membership.
Previously Johnson has said his main goal is to reach a Canada-style trade deal with the EU before an 11-month transition period exp