Great Britain

Lord Owen predicts HUGE crash in UK-EU negotiations but tells Britons NOT to worry

On Monday, Boris Johnson and Michel Barnier set out their goals for a future trade deal between the UK and EU, exposing the gulf between the two sides. The Prime Minister said he wants a Canada-style trade deal with the bloc, but the EU is demanding the UK sign up to certain regulations and standards before an agreement can be signed. The EU wants a “level playing field” and to ensure “competition remains open and fair”, with the UK agreeing to uphold standards on issues ranging from the environment to workers’ rights.

Moreover, Mr Barnier said the bloc also wants to have access to Britain’s fishing waters, while Mr Johnson, speaking in Greenwich, stressed there’s “no need” for Britain to sign up to the “full panoply” of Brussels’ regulations.

According to Brexiteer Lord David Owen, the disagreement is a further sign that this second phase of Brexit is set to be the biggest showdown yet in the terms of the UK-EU relationship and predicted the negotiations will end with a “quite serious crash”.

He told Express.co.uk: “It seems to me that this Government will not accept the degree of entrenchment that Mrs May did.

“I personally think that we are actually heading for a quite serious crash.

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Lord Owen predicts HUGE crash in UK-EU negotiations but tells Britons NOT to worry (Image: GETTY)

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Prime Minister Boris Johnson (Image: GETTY)

“It would be much better to have that crash earlier and not wait.

“And if this is the case, we need to accept that there is not going to be a Free Trade Agreement (FTA).

“So my only instinct is that there is going to be a stand-off and quite a serious row on how we proceed.”

The former Labour foreign secretary and SDP leader noted: “We are never going to go into a Common Rule Book with the EU.

“And we are not going in ECJ supervision.

“We should openly accept that there is a complete disagreement and go for a minimalist deal by agreement.”

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EU's chief Brexit negotiator Michel Barnier (Image: GETTY)

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Lord David Owen (Image: GETTY)

Lord Owen added even if the UK will suddenly be forced to trade on basic global terms under the World Trade Organisation (WTO) rules after the transition period, it will not be as catastrophic as many people say.

He explained: “We were never going to have a cliff-edge – even if we had gone out on January 31 with no withdrawal agreement.

“They had already made plans unilaterally on what to do incase of no deal.

“I just want to draw attention to the fact that things are not what they seem.”

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World Trade Organisation (Image: GETTY)

Lord Owen’s opinion seems to be shared by the Prime Minister, who on Monday, after his speech, notified the WTO of Britain’s exit from the EU, sparking talks that the UK will not trade with Brussels.

The WTO took to Twitter to share the news that came on a day of high tension between the bloc and Britain.

The WTO said: “UK notifies WTO on implications of withdrawal from the EU for itself and other members #MarketAccess #ServicesTrade #TradeDisputes.”

Liz Truss and her team at the Department for International Trade are already eyeing up a WTO meeting in Kazakhstan this summer when the UK ministers will contribute on talks about subsidies in the fishing industry, the Sunday Telegraph said.