Boris Johnson has warned that the prospect of no-deal is now "very, very likely", after Emmanuel Macron insisted that he would not be prepared to relinquish his share of fisheries.

The Prime Minister said that leaving without an agreement would be "wonderful for the UK and we’d be able to do exactly what we want" from January.

"It obviously would be different from what we’d set out to achieve but I have no doubt this country can get ready and, as I say, come out on World Trade terms," he said.

It comes after Emmanuel Macron has insisted that he was not "asking to have my cake and eat it” during Brexit negotiations.

The French President, who has taken a hard stance on fisheries, insisted that he was not prepared to “give up my share”.

He said: “I’m not asking to have my cake and eat it, no.  All I want is a cake that’s worth it’s weight because I won’t give up my share of it either.”

Earlier  Ursula von der Leyen told EU leaders she was pessimistic about striking a successful Brexit trade deal, during a presentation on Brexit at an EU summit in Brussels. 

An EU official said: "The situation is difficult. The main obstacles remain. The probability of a no-deal is higher than of a deal. It is to be seen by Sunday whether a deal is possible."

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