United Kingdom will come to 'regret' Brexit - Juncker

Elias Hubbard
March 13, 2018

The UK will leave the single market and things are going to be different in the future, but the UK will not take part in a regulatory race to the bottom at the expense of workers' rights or the environment. "We voted Brexit. We voted to make our own trade policy, our own trade decisions".

Mr Weber, chairman of the European People's Party group, bemoaned the Brexit red lines set by Theresa May in her recent Mansion House speech.

An agreement on customs will be needed: May refers to two proposals already put to the EU.

The EU expects existing rules on freedom of movement to apply until the end of the transition phase.

"Northern Ireland trade with Great Britain is worth almost 4 times more than Northern Ireland exports to the Republic".

"It is clear that the Irish Government needs to urgently increase the lobbying for the Irish fishing sector within the Brexit negotiations, the proximity of Irish and British fishing grounds mean that one can not function without the other - fishing stocks do not recognise territorial water boundaries".

"And I do believe that rationality, common sense will win the day if we conduct ourselves with decorum and patience and I think therefore it's in all our interests to keep the temperature down".

"It's about jockeying for position in the market and potentially gaining an advantage over competitors as the future relationship between the United Kingdom and the EU is worked out", said Michael Tscherny, who advises companies on European policies including aviation at GPlus Europe in Brussels.

The Federation of German Industry (BDI) urged British Prime Minister Theresa May and the remaining 27 European Union leaders to agree on a "status quo" transition period preserving present trade arrangements beyond Britain's departure date of March 31, 2019.

No industry in the Brexit process has a more direct link to citizens than aviation, which carries 1 billion travelers a year within the EU.

Barnier also made it clear that if Britain wanted to remain in some European Union agencies like those on chemicals, aviation or medicines, it would also have to recognize the authority of the EU's top court in those areas. It therefore appears impossible to solve the problem of the Irish border given the self-imposed red lines of both the European Union and of Theresa May. Of course, associate members typically do not have voting power and have to rely on soft influence.

The somewhat escalated wrangling between the EU and Britain came after the bloc published its draft negotiating guidelines last week, which firmly refused what has been called "British cherry-picking" of privileges and responsibilities of membership in the Union.

"For us this is not an Irish issue, it is a European issue. It's also why FTAs don't have detailed rules for financial services".

Other reports by Click Lancashire

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