The transition period ends on December 31, but the UK and the EU have yet to agree a trade deal to leave the EU. With chances of a deal slim, foreign media reported that British ministers have warned the country’s supermarkets to start stockpiling food and a range of goods in preparation for a final no-deal Brexit.
Britain has remained a single market with the European Union since it left the BLOC in January, but the transition period runs until the end of the year, with Sunday once being the deadline for both sides to decide whether to continue negotiations. However, following a phone call between European Commission President Ursula von der Leyen and British Prime Minister Boris Johnson, the two sides agreed to continue negotiations on the future of the relationship in an effort to reach an agreement in the short term.
British supermarkets have been told to stock up on food and a range of goods from this week to cope with panic buying triggered by a breakdown in talks, local media reported. In addition, the British government plans to allocate between 8 billion and 10 billion pounds to help the industries hardest hit by a no-agreement Brexit, such as farmers, fishermen and car manufacturers.
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