Like I said five months ago.
A treaty regarding the new relationship between EU and UK is supposed to be drafted by October 31st, so they can ratify it before the end of the year, but negociations are still desperately stalling. The only thing that's sure is that London won't ask for the transition period to be extended beyond that.
Meanwhile, the UK has already signed twenty trade agreements with other countries (and is still discussing twenty others) and published its new global tariff regulations (which would also apply to the EU once the transition period is over in absence of any other agreement).
Still, the current uncertainty doesn't bode well for the British economy…
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