International Monetary Fund says 'all Brexit outcomes' will entail costs for the UK

Share
International Monetary Fund says 'all Brexit outcomes' will entail costs for the UK

British Prime Minister Theresa May has warned rebels in her party that the alternative to her potential Brexit deal with the European Union is no deal.

"Talks between the European Union and Britain on Brexit are being conducted in a spirit of "good cooperation", Michel Barnier, the EU's chief negotiator on the issue, said on Monday".

And Number 10 posted a video lasting nearly seven minutes on social media in which the Prime Minister set out her plan.

International Trade Secretary Liam Fox - another top Leaver in the cabinet - said Brussels had made "reassuring noises" in recent weeks on the Brexit talks.

The alternative, May has said, is that Britain will leave without a deal on March 29 next year.

Negotiations are a critical stage, with both sides hoping for an agreement on the terms of the UK's withdrawal and future trade relations by the start of November at the latest.

The party's stance on Brexit is expected to be debated at the gathering and Mr Lammy said: "A People's Vote is not only the right thing to do for jobs, public services and the future of our young people - it's the best way to get a radical Labour government".

He added: "We're urging the Government to concentrate on getting a deal to ensure the continuation of tariff and friction free trade which is so important to the future of our economy".

The EU's backstop proposal has been rejected by the UK because it effectively creates a customs border in the Irish sea, while the UK's plan was rejected by the UK because it was temporary and applied to the whole of the UK, rather than only Northern Ireland.

International Monetary Fund says 'all Brexit outcomes' will entail costs for the UK
International Monetary Fund says 'all Brexit outcomes' will entail costs for the UK

The gloomy assessment contrasts with that of May, who indicated last week that a no-deal hard Brexit would not be a disaster for Britain.

He reiterated he was equally keen to prevent a hard border between Northern Ireland and Scotland as between Northern Ireland and the Republic.

She is hoping to make progress toward a deal when she meets fellow European Union leaders this week.

"There are still parts of the withdrawal agreement that require further negotiation".

"The ancestors of many people we represent fought alongside the British in two world wars, but are now forced to stand aside in favour of people with no connection to the United Kingdom".

Brussels' chief Brexit negotiator will brief ministers from European Union governments on the state of talks with the United Kingdom ahead of a major summit this week.

"And I think actually in reality if we got to the situation where we had a deal and it was voted down ... you would risk tripping up into the no-deal scenario because there would be such a tight timeframe".

The backing of Khan, a member of the main opposition Labour party, for a second referendum will put more pressure on Labour leader Jeremy Corbyn to change his opposition to the idea when the party meets for its annual conference in a week's time.

Ellvena Graham, chair of the Northern Ireland Chamber of Commerce, told Mr Donohoe the British government's Brexit guidance for businesses had "done nothing" to help them prepare and had only "confused them more".

Share

Advertisement

Related Posts

An Emergency Physician Explains the Apple Watch ECG
That would help defray the $400 starting price for a device that still requires a companion iPhone, which can now cost more than $1,000.

Serena Williams denies cheating in 1st interview since US Open stunning defeat
She asserted, "I have never cheated in my life! You're a thief , too!" Ramos is tough, one of the best umpires in the world. The post Tennis Grand Slam Champ Naomi Osaka is Nissan's New Brand Ambassador appeared first on Carmudi Philippines .

Kavanaugh and accuser to testify in Senate
The article reports that reporters from other organizations figured out her identity, and were contacting her and her colleagues. Because this never happened, I had no idea who was making this accusation until she identified herself yesterday.

Two from county assist in Florence relief
The Southcentral Kentucky chapter of the Red Cross opened a shelter for Florence evacuees on Saturday, for a family of 20 plus. As Hurricane Florence makes landfall on the east coast, area volunteers are ready to step in from Muskingum County and beyond.

Apple Watch, AirPods may be spared from Trump’s China tariffs
Trump said China was trying to use trade to undermine him with his supporters before November 6 congressional election. After Apple's comments, Trump said in a tweet said that there was an "easy solution" for Apple to avoid tariffs.

Steelers to address Brown's social media use
Brown is one of the most talented players in National Football League history, but he's also been a headcase for the Steelers. He wants to be the best in the world and he probably is.I think he was getting frustrated and he took it out on some people.

Josh Gordon is traded to the New England Patriots
A second-round pick of the Browns in the 2012 NFL Supplemental Draft, Gordon turned 180 catches into 3,106 yards and 16 touchdowns.

Echoes of Anita Hill in #MeToo allegation against Brett Kavanaugh
Dick Durbin (D-Ill.) that the committee should delay its vote pending an investigation, Leahy said, "That would make sense". On Monday there were no plans for the White House to withdraw Kavanaugh's nomination. "Everyone says the same about her".

Hurricane Florence volunteer rescues six dogs abandoned in LOCKED cage
Property damage from the storm is expected to come to $17 billion to $22 billion, the risk management firm Moody's Analytics said. More than 15,000 people are at shelters in North Carolina, according to CNN .

Brett Kavanaugh Should Be Impeached for Lying to Senate
White House adviser Kellyanne Conway told reporters earlier Monday Ford "should not be insulted and she should not be ignored". Dick Durbin (D-Ill.) that the committee should delay its vote pending an investigation, Leahy said, "That would make sense".

© 2015 ExpressNewsline. All Rights reserved.