How far on is 'epically likely' trade deal with EU?published at 09:10 Greenwich Mean Time 14 January 2020
Reality Check
It is "epically likely" that the UK will secure a comprehensive trade deal with the EU by the end of the year, the PM told BBC Breakfast.
If the UK fails to secure an EU trade agreement at the end of the transition period, many UK goods could become subject to tariffs (taxes) and other trade barriers could go up.
The UK will also need to roll over the existing trade deals that the EU has with other countries (which the UK benefits from).
So how much progress has the government already made? Reality Check has been keeping track.