- Boris Johnson warns the EU that Britain will not follow any of its rules in a future trade deal.
- The prime minister will set out his desire for a loose relationship with Brussels in a speech on Monday.
- EU figures have said that Britain must sign up its rules in order to secure high levels of market access.
- However, Johnson will say "it is vital to stress" that Britain will not sign up to them in any circumstances.
- The prime minister will warn Brussels that Britain will walk away without a trade deal if necessary.
- For more stories, go to BusinessInsider.co.za.
Boris Johnson will on Monday warn that Britain will not follow any European Union rules in a new trade deal with Brussels, and will walk away from negotiations without any deal whatsoever if necessary.
In a speech in south London this morning, the prime minister is set to declare that there is "no need" for the United Kingdom to sign up to EU rules and regulations in exchange for high levels of access to European markets.
Johnson's remarks put the UK on collision course with the EU when trade talks get underway next month.
EU figures including European Commission President, Ursula Von Der Leyen, have said that Britain must sign up to a "level playing field" with the EU in order to secure tariff and quota-free access to European markets.
However, the prime minister will today categorically rule out signing up to commitments of this sort.
"There is no need for a free trade agreement to involve accepting EU rules on competition policy, subsidies, social protection, the environment, or anything similar any more than the EU should be obliged to accept UK rules.
"The UK will maintain the highest standards in these areas - better, in many respects, than those of the EU - without the compulsion of a treaty and it is vital to stress this now," he is expected to say.
Johnson is also set to warn Brussels that he is prepared to walk away from trade talks without any deal whatsoever.
"We have often been told that we must choose between full access to the EU market, along with accepting its rules and courts on the Norway model, or an ambitious free trade agreement, which opens up markets and avoids the full panoply of EU regulation, on the example of Canada," he is expected to say in his speech.
"We have made our choice: we want a free trade agreement, similar to Canada's but in the very unlikely event that we do not succeed, then our trade will have to be based on our existing Withdrawal Agreement with the EU.
"The choice is emphatically not 'deal or no-deal'. The question is whether we agree a trading relationship with the EU comparable to Canada's - or more like Australia's."
Australia and the EU do not have a free trade deal and trade largely on World Trade Organisation rules.
The Institute For Government think tank last month warned that an outcome of this sort would be just as damaging to British businesses as a no-deal Brexit, as it would result in swathes of new checks on goods.
However, Johnson is set to say that "in either case, I have no doubt that Britain will prosper."
Britain finally left the EU on Friday evening, three-and-a-half-years after the 2016 Brexit referendum.
The country has entered an 11-month transition period - or "implementation period" - during which it will continue to follow all EU rules, laws, and regulations. This arrangement will come to an end in January 2021.
Johnson's UK government will in the meantime try to secure free trade agreements with the EU and other countries like the United States, Japan, Australia and New Zealand, as soon as possible.
Experts have warned that negotiating free trade agreements usually takes a number of years, and that the UK government faces a huge challenge in securing deals before the transition period expires at the end of the year.
Receive a daily update on your cellphone with all our latest news: click here.
Also from Business Insider South Africa:
- All South African business owners now have to complete a list of 24 questions - or face jail time
- SA Mint releases new coin that features a small dinosaur
- The 5 most in-demand jobs in SA right now - with salaries of around R500,000
- China just completed work on the emergency hospital it set up to tackle the Wuhan coronavirus, and it took just 8 days to do it
- FEEL GOOD: South African ‘lay-bye heroes’ are buying strangers’ school clothes
- 'Lucifer's fingers' are a delicacy in Portugal — and fishermen are risking their lives to catch them