Reuters reports that Culture Secretary Oliver Dowden said that Britain will not back down in trade talks with the EU and will thrive even if breaking away from the bloc without a trade deal is a "choppy" ride.

The United Kingdom quit the EU in January but remains an informal member until Dec. 31 when it will finally leave the bloc's orbit after 48 years - with or without a trade agreement.

Dowden said there was still a chance of a deal, and negotiations are set to continue until Sunday. He said Johnson wanted an agreement but no British leader could accept the EU's demands on fishing rights and allowing Britain to be punished if in the future it diverged from the bloc's rules.

"Still, I think, there is a significant possibility that we could get that deal," Dowden told Sky News. "That deal cannot come at any price."

"If it comes to it, it will be choppy but we can survive and indeed thrive over the longer run," Dowden said of a no-trade deal Brexit.