Boris Johnson and Donald Trump have agreed to strike a UK-US trade deal in lightning quick time by July next year.

Axar.az reports citing the Sun that the President and the PM could publicly commit to the highly ambitious timeline as early as Tuesday when they meet in New York.

While the deal could be signed next summer, its implementation will have to wait until Brexit’s transition period finishes in December 2020.

But it will still come as a major boost to Britain’s Brexit hopes.

A senior Government source told: “The political will is there now on both sides to do the deal by July.

"It's a great win for us, and Trump is also really keen to shout about it in the States.

“There is also a recognition on both sides of the Atlantic that is must be done by then because the US election cycle starts soon afterward.”

The British and American leaders will hold talks about the trade deal in the margins of the UN General Assembly meeting on Tuesday.