U.K. and EU Are Heading for No Trade Deal: EU Lawmaker

The transcript discusses the ongoing negotiations between the UK and the EU, highlighting the significant gaps in positions on key issues such as market access and regulatory alignment. Trust issues are prevalent, with the EU demanding legal texts to back promises. Timing is critical, with concerns about the lack of a legal text and the need for extra time to ratify any potential deal. The possibility of a no-deal outcome is considered likely, given the current state of negotiations. The EU remains firm on protecting its single market, emphasizing sound negotiation practices.

What are the key issues that remain far apart in the negotiations?

How does the speaker characterize the actions of the British Government regarding the withdrawal agreement?

What does the speaker imply about the trust in promises made by the British Prime Minister?

What is the significance of having a legal text in the negotiation process?

What does the speaker suggest about the likelihood of a deal as time passes?