Brexit trade talks are 'going backwards' as the UK edges closer towards a chaotic exit from the EU

YVES HERMAN/POOL/AFP via Getty Images)

• UK and EU negotiators failed to make a breakthrough in the latest round of Brexit trade talks.
• The EU's chief negotiator Michel Barnier said striking a deal this year was "unlikely."
• The two sides have just weeks to negotiate an agreement to avoid a chaotic no-deal scenario in January.
• But the UK businesses and borders are set for disruption in four months' time — even if there is a deal.
• Industry figures across the UK say small businesses in particular are unprepared for the disruption.
• There is particular concern in Northern Ireland, where there is "palpable nervousness" over the future of many businesses.
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Boris Johnson is being urged to "rapidly accelerate" negotiations with the European Union amid growing fears that the UK is heading for a severe economic shock as a result of leaving the Brexit transition period without a trade deal.

The seventh formal round of trade talks between UK and EU negotiators concluded on Friday with the two sides still a long way off from securing a free trade agreement by the agreed autumn deadline.

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