Britain, on trade collision course with EU, says it could walk away

  • 📰 Reuters
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 23%
  • Publisher: 97%

Britain on collision course with EU with trade talks mandate

United States Headlines News

United States Latest News, United States Headlines

LONDON - Britain unveiled a negotiating mandate on Thursday for talks with the European Union that puts it on a collision course with Brussels, saying it was ready to walk away if “good progress” was not made by June.

Having accepted that British businesses will encounter new “frictions” in trade with the bloc outside its single market and customs union, the government has made its stance clear - self-determination must trump economic concerns. “We want the best possible trading relationship with the EU, but in pursuit of a deal we will not trade away our sovereignty.”

Michel Barnier, the EU’s chief negotiator, said Brussels had taken “note” of the mandate. “We will stick to all our prior commitments in the political declaration,” he tweeted, referring to an outline agreement on future ties signed by both sides.Britain’s main opposition Labour Party, locked in a leadership battle, described the government’s stance as “frankly underwhelming”, and the British Chambers of Commerce said companies were “impatient for negotiations to begin in earnest”.

At the heart of the conflict is Britain’s demand for a trade deal along the lines of one between the EU and Canada.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

🙄

Ooooh taking a play out of the Trump play book. Good luck with that!

Walk away! Let EU collapse.

....there by closing the lid on a country, a people, a culture so they can, what, raise sheep and wander the bogs.....?

Yeah! You go, UK! You don’t need to trade with one of the largest economies in the world! Screw that.

UK Market is one of worst perming in EU FTSE -10 % (YTD) GBPUSD Fallen from 1.35 to 1.285 Post Election Brexit & other trade neg. uncertainty will only pull it down Growth weak in Q4 decline in Ind. Prod & tepid Retail Sales INVESTOR are moving OUT on such fluid condition🤠

The devolving of a once 'great power' right before your very eyes.

Congratulations Brit businesses, you’re walking away from 350 Million customers? Brilliant! gfrancie

Perfect ..... keep at it and you will be back to using wooden boats!

Yeah... that'll teach the EU 🤣🤣🤣

Walk off the cliff more like! Coming soon... The red cliffs of Dover...

Conservatives are awful people who make their country awful.

We would have to walk away because we wouldn’t have any cars

Shouldn't that walk have started by now then? Why June?

Watch a highly-developed nation commit economic and political suicide. All channels coverage!

This was their plan all along. No deal Brexit.

They're bluffing. Walking away will destroy their economy and government.

They need the EU far more than the EU needs them. Fools.

PD and WA both non binding, so little incentive to persist with vindictive EU

This song of walking away is getting boring. Lol

BorisJohnson should resign for lying during the election campaign he claimed he had a ready to go deal. It just needed to be put in the oven. JohnsonLies ToryBrexit

Well that will solve the problem

It is widely suspected this UK government wants to crash out of the EU onto WTO rules. No surprise they are antagonistic towards the EU to make them scapegoats for something they want to do anyway.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Britain on collision course with EU with trade talks mandateBritain on Thursday unveiled a tough negotiating mandate for talks with the Euro... Britain will be propped up by the U.S. as it struggles to go alone. Kick Britain ass EU. - Long live the Queen... To watch her Empire fall. - Ps I love England it’s beautiful, the culture, the people everything about it I loved. But she could have said something to stop the far right take over that will end up in time destroying it so now F Her Good we wont be bossed around.
Source: Reuters - 🏆 2. / 97 Read more »

EU foresees 'very hard' talks with UK on future ties, warns on Irish borderThe European Union said on Tuesday talks on post-Brexit ties with Britain would ... EU is a failed organization! I would start by stating that U.K. has always sought special deals. Now that it has left it gets no special deal; it gets what is best for the EU and not for the U.K. Fick dich mein Fuhrer
Source: Reuters - 🏆 2. / 97 Read more »

EU Rejects Boris Johnson and Donald Trump’s Chlorinated Chicken CollectiveThe E.U. really, really doesn’t want Britain to accept Trump’s chlorinated chickens (via eaterlondon)
Source: Eater - 🏆 368. / 59 Read more »

Britain on collision course with EU with trade talks mandateBritain on Thursday unveiled a tough negotiating mandate for talks with the Euro... Britain will be propped up by the U.S. as it struggles to go alone. Kick Britain ass EU. - Long live the Queen... To watch her Empire fall. - Ps I love England it’s beautiful, the culture, the people everything about it I loved. But she could have said something to stop the far right take over that will end up in time destroying it so now F Her Good we wont be bossed around.
Source: Reuters - 🏆 2. / 97 Read more »

U.S. trade rep Lighthizer to meet British counterpart as allies gear up for talksU.S. Trade Representative Robert Lighthizer will meet with Britain's trade ... Please tell me his first name is Buzz
Source: Reuters - 🏆 2. / 97 Read more »

UK farmers fear Boris Johnson will abandon UK food standards to Trump - Business InsiderThe UK government says it is willing to discuss lifting the EU ban on chlorine and acid-washed chicken in order to win a trade deal with Trump. More Fake News. It's obvious! With a huge amount of American farmers going out of business Trumps base is shrinking! Getting access to the UK market will help a little and can be spun as a huge win. Johnson on the otherhand won't have many options if he continues on the current path 🤷‍♂️
Source: BusinessInsider - 🏆 729. / 51 Read more »