Via Yahoo Finance

LONDON (Reuters) – Britain still believes it could secure a free trade agreement with the European Union before the end of the transition period, a spokesman for Prime Minister Boris Johnson said on Wednesday, repeating that London is ready for leaving without a deal.

“We believe that there is a free trade agreement to be reached but we have also been very clear that we will be prepared for either eventuality at the end of the year, whether that be a free trade agreement or whether that be having a trading relationship based on the same terms that Australia currently has,” the spokesman told reporters.

On financial services, he added: “We have completed our own proportionate and thorough assessment of the EU on time, what we are doing is returning over a thousand pages of questionnaires which were sent by the EU to the UK late.”

“These are straightforward assessments … and we are ready to reach comprehensive findings of equivalence once the EU has clarified its position.”

(Reporting by Elizabeth Piper)

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