• Brexit News: EU ready to suspend trade deal with the UK if it unilaterally revokes Northern Ireland Protocol

Market news

11 May 2022

Brexit News: EU ready to suspend trade deal with the UK if it unilaterally revokes Northern Ireland Protocol

The EU is ready to suspend its post-Brexit trade deal with the UK if the UK unilaterally revokes the Northern Ireland Protocol (NIP), reported Bloomberg on Wednesday citing an EU official. The EU might also halt talks regarding Gibraltar if the UK acts unilaterally on the Brexit deal, the EU official warned. 

NIP talks are in a serious situation, a spokesperson for UK PM Boris Johnson said on Wednesday, adding that whilst the UK prefers a negotiated solution, it reserves the right to take further action if solutions cannot be found urgently.

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