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.

My Brexit plan or crash out of EU, says Theresa May
UK leader warns rebels: It’s my Brexit agreement or no deal

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

Trump orders more Russia-related probe documents to be declassified
The declassification of the documents was quickly praised by Trump allies in Congress and attacked by Democrats. The American firebrand also told the DOJ to release reports about its interview with official Bruce Ohr.

Amazon planning "high-end hi-fi" range with Alexa voice control
While Amazon is making strides to get the most traction, Apple too recently updated its premium smart speaker, Homepod . Generally, the company relies on partners to provide an ecosystem of devices that Alexa can control.

Meghan Markle Inspires Huge Increase in This ASOS Trend
Recently, Meghan Markle and her husband Harry revealed what they thought was the most hard part of being part of the Royal Family. While we don't know what Meghan bought Harry, we do know that she would have put a lot of thought into his presents.

Monday night not 'characteristic' of Seahawks QB Russell Wilson
Seattle drove 75 yards down the field, capped by Wilson's handsome 19-yard touchdown pass to Tyler Lockett that make it 10-17. So, when he entered the fourth quarter down just one score all hope was not lost - until it was.

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 .

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.

Rachel Brosnahan is Joined by Longtime Love Jason Ralph at Emmys 2018!
Game of Thrones didn't clean up quite as thoroughly at this Emmys as it did at the last couple where it was eligible. Thandie Newton's excellent turn in Westworld is finally celebrated with the Outstanding Supporting Actress trophy.

Amazon probing claims that workers took bribes to leak data
The middlemen in these transactions are called brokers, and they often find Amazon employees via the Chinese chat app WeChat . These practices may help sellers' products appear higher in search results, bettering their chances of attracting customers.

Hurricane Florence aftermath: Flooding crisis in North and SC
Some 2,800 North Carolina National Guardsmen were actively aiding rescue and relief efforts Sunday with another 1,000 on standby. Florence, which has been downgraded to a tropical depression from a hurricane, was headed through Virginia toward New England.

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.

© 2015 ExpressNewsline. All Rights reserved.