Monday, 22 October, 2018

United Kingdom and European Union 'at an impasse' in Brexit negotiations, says Theresa May

Theresa May U.K. prime minister pauses during a news conference at an informal meeting of European Union leaders in Salzburg Austria Don't write off Mrs May. She has a habit of surviving blows Credit Stefan Wermuth Bloomberg
Deanna Wagner | 22 September, 2018, 02:44

She said: "Businesses don't like uncertainty". That plan would have allowed the U.K.to remain a member of the E.U.'s customs union for goods and services, but leave the bloc's common labor market - meaning free movement between the United Kingdom and the E.U. would come to an end.

She called for "respect" from the European Union and for them to refrain from rejecting each other's proposals without detailed explanations and counter-proposals.

Craig Erlam, senior market analyst at foreign exchange firm Oanda, said: "The pound came under pressure in the lead up to May's speech and that continued during and in the aftermath, with traders potentially seeing this as a sign that no deal is a real and increasingly likely outcome".

"If her tactic now is to double down on the Chequers dead duck, and then blame European Union for a no deal, she will do huge damage to all those she is supposed to serve".

Yet British politicians and diplomats were taken aback by Tusk's blunt dismissal of the Chequers plan on Thursday - and by his light-hearted Insragram post showing Tusk and May looking at a dessert tray and the words: "A piece of cake, perhaps?"

The rejection has left Ms.

It might have a previously unmentioned idea on how to compromise the fundamentals of the Single Market, make Britain a special case, deal with the queue of still-in-the-EU countries who want beneficial exemptions on trade and regulation too.

Sterling fell by as much as 1.5 per cent against the USA dollar on Friday, its biggest daily drop this year.

Trump challenges professor over Brett Kavanaugh sex assault claim
He also claimed Judge Kavanaugh was "under assault by radical left wing politicians who don't want to know the answers". Kavanaugh has adamantly denied the charges, saying he has never done any such thing to Ford or any other woman.

For the British media, the message was clear. The stakes could not be higher.

The impasse could not have come at a worse time for Ms. May.

Mrs May, speaking inside 10 Downing Street, said: "I have always said that these negotiations would be tough, and they were always bound to be toughest in the final straight".

It was a reference to the EU's longstanding criticism of the Chequers plan that it cherry picks freedom of movement for goods while trying to do away with it for services and labour.

Mrs May now faces calls to abandon the Chequers plan completely from many within her own party who were unhappy with it in the first place.

The Brexit-supporting tabloid Sun branded bloc leaders "EU dirty rats", accusing "Euro mobsters" Tusk and Macron of "ambushing" May. The discussions have bogged down over Ms.

A no deal Brexit would still mean border checks (and much more extensive ones) either at the Irish border or in the Irish Sea. The latter would undermine the peacekeeping efforts of the Good Friday agreement, which resolved decades of sectarian conflict. We both agree that the withdrawal agreement needs to include a backstop so there still won't be a hard border between Ireland and Northern Ireland, but the EU is hoping to achieve this by effectively keeping NI in the customs union. She has insisted that her plan would ensure an open border.

Mr Macron said Mrs May had tried to tell the leaders "take it or leave it" but added: 'The proposals in their current state are not acceptable.