Thank you for contacting me about leaving the EU without a trade agreement at the end of the transition period.
Following the European Council on 15 and 16 October, the European Commission’s chief negotiator, Michel Barnier, has now acknowledged the need to work intensively, that movement in the negotiations is needed from both sides if agreement is to be reached and that the EU is negotiating with a sovereign country. The UK negotiating team is ready to work with the EU to see if it is possible to bridge the remaining gaps in our positions. Negotiations will now take place daily, including at weekends, across all negotiating streams concurrently and on the basis of each side’s legal texts.
The UK was always due to leave the single market and customs union at the end of the year and so there is no change in this regard. Businesses would always have been required to prepare for this scenario. I would encourage you to visit the following website for the most up to date information: www.gov.uk/transition.
The UK will leave the transition period at the end of the year with or without a further agreement and I am confident that we will prosper as an independent nation. We will have control over our borders, laws and fisheries and our economic and political independence will be restored.
Thank you again for contacting me.