Michel Barnier, the EU's chief Brexit negotiator, on Wednesday delivered a stern warning to the UK cautioning of "serious consequences" should it fail to reach a separation deal with the EU.

While speaking at an assembly of regional and local politicians in Brussels, Barnier warned that Britain would have to cope with significant problems impacting its supply chain, air and land transportation and the over 4 million citizens that would be "confronted with total incertitude about their rights and their future."

"This scenario of 'no deal' is not ours. We want a deal. We want to succeed," Barnier said.

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