Downing Street confirms No Deal is still ‘most likely’ outcome

Downing Street has said that No Deal is still the “most likely” outcome from the Brexit transition period.

The comments come after Ursula von der Leyen told the European Parliament that there was a path to an agreement between the EU and the UK.

However, Number 10 has poured cold water on the European Commission president’s words.

The Prime Minister’s official spokesman said: “Our position is still that we want to reach an FTA  but it is still the case that the most likely outcome is still leaving on Australia terms.”

The PM is clear that preparations must be made for a No Deal exit, particularly as significant distance remains between the two sides over fishing and regulatory alignment. Johnson said:

“We’ve got to make sure we control our own laws and our own waters,

“There’s a good deal there to be done but if not then WTO Australia terms it is and we will prosper mightily on those terms as well.”