Monday, 17 October 2016

EUROPE TURNING ITS BACK ON UK

The Telegraph (of all newspapers) says there are growing signs that Europe has “given up” hope of concluding a mixed trade deal with Britain and will instead concentrate on completing a rapid divorce with the UK (HERE). 

Senior EU diplomatic sources have told The Sunday Telegraph that Mrs May’s Tory conference speech was widely seen as slamming the door on the UK staying inside the EU single market.

“The speech was very clear. Mrs May excluded the UK from jurisdiction of the European Court of Justice (ECJ) which is necessary for any kind Free Trade Agreement,” said a senior EU diplomat with knowledge of Europe’s negotiating position. This is in addition to taking back control of immigration.  So, rather than giving a running commentary the government has set out its position from the outset - we don't want any kind of deal beyond WTO rules!

This is playing into the hands of the EU who want Brexit to hurt to deter others according to the CER (HERE). And a former Polish finance minister (HERE) says:

"If British voters recognized their country’s weak negotiating position, the Brexiteers, who won the referendum on their promise to “take back control,” would face a political disaster. Walking away from substantive negotiations is the simplest way to avoid such an embarrassing unmasking.
Thus, politically, a hard Brexit is actually the soft option for the government. Economically, however, hard Brexit will come at a high price, which the UK will have to pay for years to come".

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