In full: Michel Barnier says 'it's the moment of truth' in Brexit trade negotiations

Michel Barnier has told the European Parliament it is the "moment of truth" in Brexit trade talks, with "just a few hours" left to reach a deal.

"It's the moment of truth. We have very little time remaining, just a few hours to work through these negotiations in a useful fashion if we want this agreement to enter into force on the first of January," he said.

"There is a chance of getting an agreement but the path to such an agreement is very narrow."

Mr Barnier doubled-down on Brussels' demand to link a fisheries agreement to trade deal, giving the EU power to retaliate if EU fishermen are shut out of UK waters.

If no deal is agreed before transition, he suggested that negotiations would continue after transition. "If it is not today, it will have to be later," he said.

For the latest developments, head to our liveblog: https://www.telegraph.co.uk/politics/2020/12/18/brexit-news-latest-no-deal-boris-johnson-talks-eu-update/

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