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

Hirving Lozano says it would be a dream to play with Barcelona
Whether Manchester United will move fast enough to conclude the transfer ahead of their rivals remains to be soon. - Barcelona will square up against EPL clubs in their bid to sign PSV midfielder Hirving Lozano .

Browns trade Josh Gordon to Patriots
The Cleveland Browns chose to finally part ways with Josh Gordon this weekend after standing behind him since 2012. Gordon was on the field for 69 snaps (78 percent of the Browns' plays), but had only three passes thrown his way.

Asia Argento threatens Rose McGowan with legal action
Anyone can be better- I hope you can be, too. "Be the person you wish Harvey could have been". As of this writing, McGowan has not publicly replied to Argento's threat of legal action.

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.

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.

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.

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.

Julie Chen quits The Talk as she stands by her disgraced hubby
CBS did not immediately respond to a Reuters request for comment outside regular business hours. As TV Insider previously reported, Chen has supported her husband throughout the scandal.

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.

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.

© 2015 ExpressNewsline. All Rights reserved.