In the news: What happens if the UK and EU fail to agree a Brexit deal?

As the UK is set to leave the EU in January, negotiations are in the home stretch.

Read the Guardian Explainers to understand the latest bones of contention in a rough and highly thorny process.

A "no-deal" exit would likely damage UK's relations with both the EU and Ireland, raise food prices and affect travel for Britons.

What happens if there is no agreement? What changes would there be to trading relations? What about the impact on the economy?

Read the full informative article here for the latest updates: https://www.theguardian.com/politics/2020/dec/07/what-happens-if-the-uk-and-eu-fail-to-agree-a-brexit-deal