A Welsh farming chief has warned that the growing likelihood of a No-deal Brexit is "hugely concerning" for the sector.

Boris Johnson today called a halt to talks with Brussels on a post-Brexit free trade agreement, warning Britain to prepare for a final no-deal break with the European Union.

In a statement to broadcasters, the Prime Minister accused EU leaders of seeking to impose a series of "unacceptable" demands and called for a "fundamental change of approach" if there was to be any agreement.

In response, NFU Cymru president John Davies said: “News that the UK should ready itself for a ‘No deal’ is hugely concerning for Welsh farmers and the thousands of people and businesses whose livelihoods depend on the sector.

"The importance of the EU export market to the Welsh farming industry cannot be overstated. Under a ‘No deal’ scenario agri-food products would attract eye-wateringly high tariffs, effectively pricing Welsh farmers out of their nearest and most lucrative export market.

“For some time NFU Cymru has warned that a ‘No deal’ outcome would be disastrous for our sector, we therefore sincerely hope that both the UK and the EU can find a way through this apparent impasse."

Business leaders across the UK warned of the impact of leaving the EU without a trade deal on sectors ranging from automotive to food and drink, one warning that the UK was entering "dangerous territory".

Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, said leaving the EU without a deal would have a "devastating" impact on the motor industry, hitting the economy and jobs in every region of the country.

And Ian Wright, chief executive of the Food and Drink Federation, said: "The Prime Minister's statement signals that we are heading into very dangerous territory.

"In the event of a no-deal Brexit, shoppers will, literally, pay a heavy price."

Mr Davies added: “With the transition period due to end in just 10 weeks, if we are indeed heading for a ‘No deal’ outcome, then this leaves businesses with little time to prepare, particularly the farming industry given the long-term production cycles the industry operates to.

"It would mean farmers very shortly finding themselves operating in an incredibly difficult marketplace and one which would be completely at odds with what was promised by those advocating Brexit.

“Given the hugely detrimental effect a ‘No deal’ scenario would have on the farming sector, it is absolutely vital that both the UK and EU continue to negotiate on a free trade agreement and prioritise securing a tariff-free, quota-free deal as soon as possible."