Brexit talks: UK and EU 'still very far apart on key issues', says PM - BBC News
Negotiations will continue but Boris Johnson warns the UK must "get ready to trade on WTO terms".
This torture is better than no deal.

The fact that talks are ongoing is a good thing. Business groups are unanimous in their view that if a deal is at all possible, it should be pursued with every last effort.

However, the problem with this uncertainty torture is two-fold.

First, political and business timetables are getting increasingly misaligned by the day. Businesses need to know whether tariffs are coming or not as it effects pricing of products and services for next year. How can I place or take an order if I don’t know what that price needs to be?

Second, there is a danger that businesses who watch this process being dragged out will wait for some rabbit to appear out of the hat and take their focus away from preparing for a deal. No deal is very bad - a deal still leaves an awful lot of work to do in preparing for new procedures, for example customs, that will change whether we get a deal or not.

But the fact remains that while this may be torture, it could be worse.

No deal would not put UK business out of its misery – it could put some sectors out of business.