UK Prime Minister Boris Johnson insists the nation has no plan to ask for an extension to trade talks with the EU and that a deal can be done very soon. 

But what does that mean for British businesses? 

Many have already lost millions of dollars in revenue in the past few months due to the coronavirus pandemic.

As Allie Renison, head of trade and EU policy at the Institute of Directors, explains, both sides need to push continuity of trade higher up their agendas if a satisfactory deal can ever be agreed.