European and British negotiators acknowledged today, Wednesday, that major "differences" still exist between London and the European Union to reach an agreement on the post-Brexit relationship, despite intense negotiations for two weeks.

European negotiator Michel Barnier wrote on Twitter that there were "very serious differences", while his British counterpart David Frost referred to "major differences."

Barnier said in a tweet that the differences are still, as at the beginning of the negotiations, centered on "the conditions for fair competition, management (the next agreement) and hunting."

He added, "These are basic conditions for any economic partnership," adding that the European Union is "ready for all scenarios," including "no agreement", despite its disastrous consequences for the economy.

Frost agreed that "major disagreements still exist on some key issues."

"We continue to strive to find solutions that fully respect the sovereignty of the United Kingdom," he added.

Resumption of negotiations

According to a European source, negotiations should be formally resumed on Sunday, in the hope of reaching an agreement by mid-November.

The middle of this month has been set as a deadline after which time will not be sufficient to implement the agreement on January 1, 2021, when Britain, which officially left the European Union on January 31, will stop applying European standards.

On Wednesday, Barnier reviewed the status of negotiations with member states and then with representatives of the European Parliament.

A European source said that "nothing new," adding, "The two sides have to move to reach an agreement, but currently there is a fundamental political dispute."

Another source said, "Barnier's tweet gives a very clear picture in line with his message" to member states.