(Last Updated On: October 9, 2019)

The European Union cannot accept Britain’s latest proposal for a Brexit accord and is not close to finding a compromise, Brussels’ chief negotiator Michel Barnier warned on Wednesday.

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“As I speak to you now, we’re not on the point of envisioning and finding a deal,” he told the European Parliament, playing down hopes of a breakthrough before next week’s EU summit, AFP said.

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Among the main reasons why the EU could not accept the latest UK proposals, Barnier listed customs solutions envisaged for the island of Ireland, the role of Northern Irish authorities, a lack of legally operable solutions to ensure it all works and weak clauses on fair competition.

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European Parliament head David Sassoli said Britain now has a choice between a no-deal Brexit or a delay, Reuters reports.

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