Have Yourself a Fishy Little Christmas: Brexit Bulletin

What’s happening? Trade talks are at “the moment of truth” but both sides warn they are still far apart.

The public warnings couldn’t be starker. On Thursday, U.K. Prime Minister Boris Johnson warned that post-Brexit talks with the European Union are in a “serious situation.” David Frost, Johnson’s chief negotiator, said negotiations seemed “blocked.” European Commission President Ursula von der Leyen spoke of “big differences” between the two sides.