UK abandoned any new Brexit deferrals

US, WASHINGTON (ORDO NEWS) — Great Britain refused any new deferrals upon completion of the process of exit from the EU (Brexit). This was announced by EU chief negotiator Michel Barnier at a briefing on Friday following the results of the next round of negotiations on Brexit, which was held remotely.

“The UK government has refused any delay in the final withdrawal from the European market, which is scheduled for December 31, 2020. This is the date of the economic Brexit, the end of the transition period after the political Brexit (February 1, 2020 – approx. ed.),” said Barnier.

“We need an agreement to mitigate the severe shock that our economies will experience this year as a result of the coronavirus pandemic. It is unacceptable to amplify it with the shock of breaking economic ties without an agreement,” Barnier said. In this regard, he called for more work on the text of an agreement on future relations.

At the same time, Barnier also said that the UK is slowing down the work on preparing an agreement on future relations with the community after the transitional period for withdrawal from its composition.

“The UK is slowing down the negotiation process. This week, Britain refused to engage in constructive negotiations on the four key negotiating points that are enshrined in the political declaration [of Brussels and London],” he said. “The EU refuses any long-term partnership that will not include resolving these issues.”

He stressed that London is hampering negotiations on creating a balanced environment for doing business, on the free movement of people, goods and services, on the development of a veterinary and phytosanitary control regime on the border between Ireland and Northern Ireland, as well as on fishing issues.

Pandemic Recovery Plan

The UK will not take part in the EU’s long-term plan to rebuild the economy after the coronavirus pandemic. “The UK will not participate in the EU economic support plan, [which will be launched] from 2021. Until then, it is obliged to fully pay its contributions to the EU budget,” said Barnier.

By agreement between Brussels and London, until the end of 2020 there is a transitional period of Brexit, during which the UK actually remains a member of the EU, enjoys all the rights of a member of the European market and pays its contributions to the community budget. Moreover, from the moment of political withdrawal from the EU – February 1, 2020 – this country is no longer represented in the decision-making bodies of the European Union.

The creation of a long-term (at least for a period of seven years) fund for economic recovery of up to € 2 trillion is currently being discussed by EU leaders. It is expected that in order to finance it, the EU countries, in particular, will have to increase their payments to the EU budget from 2021.

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