Theresa May concedes ECJ rule during Brexit transition

Oct 10, 2017, 00:15
Theresa May concedes ECJ rule during Brexit transition

However, May warned that it was "prudent" to prepare for a failure in the negotiations and revealed that the two new government white papers published today, which set out proposed new legislation on trade and customs after Brexit, contained steps to reduce disruption in the event of a "no deal". "The response from the European Union and its leaders has been constructive".

Supporters of a hard Brexit meanwhile turned their fire on the Treasury, with Tory legislator Bernard Jenkin writing in the Guardian newspaper that it was "legitimising European Union threats of economic disruption". May's de facto deputy, Damian Green, also said she would carry on. "The hard part will be the length of the transition period, what are the issues of cooperation afterwards, and that's why it is important we keep momentum in the negotiations, and both sides are ready and able to negotiate fast".

Even though the firm was reportedly denying the decision was related to Brexit, the move will inevitably fuel the sense that British industry is struggling without a post-Brexit trade deal with the EU.

With negotiations to resume on Monday in Brussels and investors rattled by the never-ending Westminster soap opera, May is moving to restore order.

Michel Barnier, the EU's chief Brexit negotiator, met Corbyn and Labour Brexit spokesman Keir Starmer in July. In Brussels, it has been repeatedly made clear earlier that negotiations with London in all four previous rounds have come to a standstill, primarily because the British side was withdrawing from the discussion of the financial issue.

Another senior official said: "There's every reason to be anxious and European industry should take this more seriously". It suggested that she might be moved out early next year, once this phase of the Brexit talks was completed.

But expectations among European Union officials are low to nil for a breakthrough on key divorce issues that would allow European Union leaders to tell Ms May when they meet her next week that they are willing to open talks on a future free trade accord.

Interviewed by the Real News Network, he went further on, contradicting the downward household debt trajectory implied by Mark Carney, (Bank of England's Governor), in his recent speech, last week.

The British Prime Minister Theresa May made a speech a few days before the fourth round.

At the moment, the real power in British politics now lies with Boris Johnson, the pro-Brexit Foreign Secretary, who for the past month has been openly challenging May's authority by setting out his own red lines on what would be an acceptable deal with the EU.

The problem for Theresa May is that it's obvious to both her revolting MPs and Cabinet, and the Europeans, that she is making an idle threat in an effort to try and look strong, but unfortunately all it has done is shown just how weak and desperate she is.

For many, ending with a legal void remains far-fetched.

"Pretty soon", said one, "it will be Norway or nothing".

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