No-deal Brexit can be a good outcome, insists PM

Johnson sets five-week deadline for talks
Boris Johnson has played down the implications of no deal by saying that Britain would trade with the European Union on the same terms as Australia
Boris Johnson has played down the implications of no deal by saying that Britain would trade with the European Union on the same terms as Australia
TOBY MELVILLE/REUTERS

Boris Johnson has set a five-week deadline to reach a post-Brexit agreement with the European Union, saying that a no-deal exit would be a “good outcome” for Britain.

The prime minister will say today that there is “no sense” in carrying on talks if a free-trade deal is not agreed before a key EU meeting on October 15 and that afterwards the focus should switch to minimising disruption to lorry transport and flights.

Mr Johnson will insist that Britain will “prosper mightily” if it leaves the transition period without a deal, saying that preparations at the border mean that the country will be ready for extra checks while being free to strike trade agreements around the world.

He will say that agreement is still