The following video is brought to you courtesy of the Sky News YouTube Channel. Click the video below to watch it now.
The EU has issued a warning there would be ‘serious consequences’ if the UK triggers Article 16 and suspends the Northern Ireland protocol, agreed between the UK and the EU.
Tom Parker, president of the British Chamber of Commerce EU, says the consequences are ‘potentially major’.
They could include a ‘big blockage at the ports’ which would see problems with the supply chain just ahead of Christmas.
Mr Parker says it is ‘difficult to say’ how likely this is to happen, but even a small delay at the ports could cause big problems.
Other options for the EU include terminating the Trade and Cooperation Agreement – the ‘nuclear’ option – or creating tariffs on certain products or making trade more complicated.
SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
For more content go to http://news.sky.com and download our apps:
Apple: https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8
Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog”