Citibank told Reuters that UK Prime Minister Boris Johnson's Brexit proposals seem to fall fouls of established EU red lines.

• "We think the prospects for a deal continue to look weak. If a deal is not forthcoming, we expect an extension to be secured and a general election to follow subsequently."
• "Putting forward new plans at such a late stage, and on a ‘take it or leave it’ basis, sets up a clear blame-game in the event of an extension and a general election."