Boris Johnson's Brexit trade deal threat risks destroying UK trade with the EU, warn British businesses

Reuters

• Business leaders urge Boris Johnson to scrap his threat to trade with the EU without a deal.
• The prime minister this week said Britain would walk away without a trade agreement if Brussels does not agree to the UK's terms of a Canada-style deal.
• However, this approach — compared by Johnson to Australia's relationship with the EU — would unleash chaos at the borders and cost billions, representatives of multiple sectors told Business Insider.
• The Food and Drink Federation, National Farmers Union, and Freight Transport Association all called on the government to negotiate as close ties with the EU as possible.
• Visit Business Insider's homepage for more stories.

Some of Britain's biggest business groups are urging Boris Johnson to abandon his policy of threatening to walk away from the European Union without a trade deal, warning that it would unleash economic chaos costing billions of pounds.

Prime Minister Johnson this week said the United Kingdom would pursue a relationship with the EU "like Australia's" if Brussels refused to agree to its demands by the end of 2020.

See the rest of the story at Business Insider

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