UK Top News

PM Johnson tells ministers he wants a trade deal on 'right terms'

FILE PHOTO: Britain's Prime Minister Boris Johnson gestures as he speaks during a virtual news conference on the ongoing situation with the coronavirus disease (COVID-19), at Downing Street, London, Britain October 12, 2020. REUTERS/Toby Melville/Pool

LONDON (Reuters) - British Prime Minister Boris Johnson told his top cabinet ministers on Tuesday he wanted a free trade deal with the European Union on the right terms but ending the year without one held “no fear”.

“The prime minister told his colleagues that while we want a deal on the right terms, if we can’t get there we are ready and willing to move forward with an Australian-style outcome which holds no fear,” his spokesman told reporters.

The bulk of Australia’s exports to the EU are subject to tariffs and quotas set under basic World Trade Organization (WTO) terms.

Reporting by Elizabeth Piper; editing by Stephen Addison