So far, the large majority of British and EU citizens have not felt the realities of Brexit. Though the U.K. left the European Union on Jan. 31, it follows the bloc’s rules until the end of this year as part of a transition period to the new economic relationship.

Deep into a crucial weekend of negotiations, a breakthrough on fishing rights remained elusive for the European Union and Britain, leaving both without a trade agreement that would dull the edge of a chaotic, costly economic break on New Year’s Day.

British Prime Minister Boris Johnson has underlined the post-Brexit trade negotiations between Britain and the European Union (EU) were now "in a serious situation," a Downing Street spokesperson said Thursday.

With a chaotic and costly no-deal Brexit only three weeks away, gloom settled on both sides of the English Channel as European Union and United Kingdom trade negotiators sought to find a breakthrough in technical talks where their leaders failed three times in political discussions over the past week.