United Kingdom trade minister says European Union is pushing Britain to no-deal Brexit

Marco Green
August 8, 2018

The likelihood of the United Kingdom leaving the European Union without a trade deal is now at "60 - 40": that's according to the British Government's International Trade Secretary, Liam Fox.

A Ministry of Defence source said 60 percent of new army vehicles would be made in the United Kingdom creating 1,000 jobs.

Pro-EU Tories suggested that remaining in the single market was the best way to resolve the situation after the rejection of Mrs May's Chequers blueprint by Brussels.

Dr Fox used a Sunday Times interview to give his pessimistic assessment of the negotiations.

"I think the intransigence of the commission is pushing us towards no deal", he said.

The prime minister has said she plans to publish some 70 technical notes in August and September outlining contingency plans for different sectors in the event Britain tumbles out of the bloc without a deal.

Mr. Fox said if the European Union did not like the proposal, they should "show us one that they can suggest that would be acceptable to us".

This would means UK-EU trade defaults to World Trade Organisation terms at the end of March 2019, when the official Brexit process ends, without a transitional period, which has ratcheted up fears of the worst-case cliff edge scenario in the City and beyond. Hammond told a meeting of City executives that while the bloc will initially minimize disruption, it's likely to pass regulation over time that hampers United Kingdom banks, according to the paper.

May on Friday cut short her holiday in Italy for a meeting with French President Emmanuel Macron.

Prior to this, the pound stumbled after foreign secretary Boris Johnson resigned on July 9th, increasing the possibility of a no-deal Brexit.

Meanwhile, another prominent Brexiteer, former minister Priti Patel, has called on Mrs.

Labour former cabinet minister Lord Blunkett used a Sunday Telegraph article to reject claims that people who voted to Leave over immigration concerns were "racist" and said the result would be the same if there was another referendum.

Other reports by Click Lancashire

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