| UPDATED: 18:45, Mon, Dec 21, 2020
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Prime Minister Boris Johnson, much to the dismay of many economists and forecasters, warned a no deal scenario was “very likely”, adding that “time was short” to agree on a divorce deal. European Commission President Ursula von der Leyen reiterated Mr Johnson’s words, saying it would be “very challenging” to bridge the “big differences” between Britain and the bloc. The biggest issues that need to be ironed out remain access to the UK’s fishing waters and the “level playing ground” in business competition.