Britain is likely to leave the European Union without a trade deal in just under three weeks' time, British Prime Minister Boris Johnson said on Friday.

Britain quit the European Union in January, but remains an informal member until Dec. 31 — the end of a transition period during which it has remained in the EU single market and customs union.

Both sides say they want to agree arrangements to cover nearly $1 trillion in annual trade, but talks are at an impasse. European Commission chief Ursula von der Leyen told EU leaders that a no-deal was more likely than a deal, an official said on Friday.

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