Business leaders and unions have heaped renewed pressure on the government to strike a last-minute Brexit agreement, saying the UK economy is ill-equipped for a disruptive no-deal scenario. With talks between Boris Johnson’s government and Brussels on a knife-edge, the warnings from leaders in business and industry came as the pound slid on the global currency markets on fears that talks could end this week without a deal. Sterling dropped by two cents against the US dollar to $1.323 on Monday morning as negotiators began last-ditch efforts to strike an agreement before the end of the Brexit transition period at 11pm on 31 December, when UK access to the customs union and single market is set to expire. The pound later recovered some ground but was still down more than a cent at $1.3332. Minette Batters, the president of the National Farmers’ Union, said reaching a deal was critical for protecting farmers’ access to the EU, which is the UK’s biggest market where 70% of agricultural food exports are sold. “It is critically important that both the UK and EU continue to negotiate on a free trade agreement and prioritise securing a tariff-free, quota-free deal as soon as possible,” she… Read full this story
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