UK Prime Minister Boris Johnson told Germany Chancellor Angela Merkel that the country is prepared to leave the EU on the said term as Australia is a future trade deal couldn’t be reached. Johnson’s spokesman said, “on the future relationship, the prime minister underlined the UK’s commitment to working hard to find an early agreement out of the intensified talks process”. “He also noted that the UK equally would be ready to leave the transition period on Australia terms if an agreement could not in the end be reached.”
Formal Brexit negotiations will resume on Wednesday. Ahead of that, EU negotiator Michel Barnier said “The EU wants an agreement – and we are doing everything to succeed – but not at any price.”