Sections

ideals
Business Essentials for Professionals

Markets
24/07/2018

UK Foreign Sec Warns EU Of 'No Deal By Accident' On Brexit




UK Foreign Sec Warns EU Of 'No Deal By Accident' On Brexit
There is now a "very real risk of a Brexit no deal by accident", without a "change in approach from the EU negotiators", warned Jeremy Hunt, the UK foreign secretary.
 
 There are many in the EU who believe that they just had to "wait long enough and Britain will blink" but "that's not going to happen", Hunt said.
 
If there was no Brexit deal, there would be "unintended geopolitical consequences" with just Vladimir Putin "rejoicing", he warned.
 
It wants a deal "not a disorderly Brexit", Germany's foreign minister says.
 
"We know that everyone has to make mutual concessions to get this deal,” said Heiko Maas, who held talks with Hunt in Berlin. "We know that the European Union has its interests, overall interests, so not just individual member-states but EU institutions.
 
"And of course Britain doesn't want to unnecessarily complicate framework conditions for economic activity, but also security questions, or our foreign policy cooperation.
 
"It becomes more difficult anyway as a non-member of the European Union.
 
"So, we've agreed we will prepare bilaterally for the time after Brexit."
 
The UK could be able to strive economically even without a Brexit deal even though such a thing would be challenging, Hunt said.
 
The UK and the European Union are yet to come to an agreement about how trade between the two parties would work after 29 March 2019, - the date when UK officially would leave the EU>
 
The Germany visit by Hunt is a part of the strategy of the UK government to push through the latest Brexit plan of the government throughout the EU member countries.
 
The Austrian chancellor and Czech and Estonian prime ministers would be met by Prime Minister Theresa May this week.
 
Both the parties know that time at hand is short and both the EU and the UK want to come to an agreement by October.
 
She was trying to secure Brexit deal that would be supported by MPs when such a deal gets to the Parliament for ratification, said May while speaking to workers at a factory in Newcastle. She however added that the government is also making preparations for a situation of a no trade deal with the EU.
 
May said that the government wanted "frictionless" trade at the borders while pledging to make investment in transport infrastructure and skills. She said this while answering a question about Treasury forecasts that hinted North East of England would be hit economically after Brexit.
 
May said that she enjoyed walking, cooking and watching US crime TV series NCIS, when she was asked how she manages to handle and destress from the "world's most stressful job".
 
(Source:www.bbc.com)

Christopher J. Mitchell

Markets | Companies | M&A | Innovation | People | Management | Lifestyle | World | Misc