November 1, 2017 / 12:04 PM / a year ago

Higher chance of no deal if EU exit talks do not move on quickly: minister

FILE PHOTO: An anti Brexit protester adjusts his EU flags outside the Houses of Parliament in London, Britain October 19, 2017. REUTERS/Peter Nicholls/File Photo

LONDON (Reuters) - The longer it takes for Britain and the European Union to start negotiations on their future relationship after Brexit, the higher the chance of a no deal scenario, trade minister Liam Fox said on Wednesday.

“I think it’s unreasonable (not to move the Brexit talks forward) given the business interests across the European Union and given the interests of international investors,” Fox told a committee of lawmakers.

“The trouble is that the later these discussions begin, the higher the chance of not reaching a deal on time become.”

Reporting by Elizabeth Piper, writing by William James

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