Phillip Hammond (HERE) in an interview with a German newspaper has said Britain is willing to rip up its economic model and become the tax haven of Europe if it is shut out of the EU’s single market. This sounds awfully like an ultimatum to me (and I assume to the EU).
Meanwhile it is being reported (HERE) that Holland will block any EU trade deal with the UK unless it signs up to tough tax avoidance regulations preventing it from becoming an attractive offshore haven for multinationals and the rich, the deputy prime minister of the country has said.
This is why any trade deal is going to be difficult and will take up to ten years!
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