Economy

United Kingdom calls for close economic ties in Brexit white paper

United Kingdom calls for close economic ties in Brexit white paper”

Raab took over as minister in charge of Brexit negotiations on Monday, a day after his predecessor David Davis resigned over his disagreement with May's plans to negotiate a "common rulebook for all goods" in a combined customs territory.

In an interview with the Rupert Murdoch-owned Sun newspaper published just hours before he was due to have lunch with May and tea with Queen Elizabeth, Trump chided the "very unfortunate" results of May's Brexit negotiation.

The Sun said the interview was conducted Thursday in Brussels, before Trump traveled to Britain. It was one of more than a hundred protests police expected during Trump's four-day trip.

The long-awaited document proposes keeping Britain and the bloc in a free market for goods, with a looser relationship for services.

The plan has infuriated fervent Brexit supporters, who think it would limit Britain's ability to strike new trade deals around the world.

Mr Trump said earlier this week that the United Kingdom was in "turmoil", following the resignation of cabinet ministers David Davis and Boris Johnson.

Theresa May and Donald Trump enter Blenheim Palace for a dinner hosted by the British prime minister on the first day of the United States president's visit to Britain.

It would also make free trade deals with countries with different standards, like the U.S., much less likely.

In fact, much of Britain's division over Brexit - which has split the governing Conservative party and the public at large - stems from the June 2016 referendum on withdrawing from the European Union not including language about would come next.

The plan has enraged so-called "Brexiteers", who have looked to a possible U.S. -U.K. trade deal as one of the biggest boons that would result from leaving the 27-member bloc.

Amid warnings from businesses that continued uncertainty is risking investment and jobs, and fears time is running out, her cabinet finally agreed on a plan last week.

But Downing Street hit back at his comments, stating the Chequers' plan will "absolutely deliver what the British people voted for, which is taking back control of laws, borders and money". "That is exactly what we will do".

Trump said that one of them, former Foreign Secretary Boris Johnson, "would be a great Prime Minister".

"I think he has done a bad job on crime, if you look, all of the disgusting things going on there, with all of the crime that is being brought in", Trump said of Khan.

Trump blamed London mayor Sadiq Khan for allowing the protests and blasted the city's first Muslim leader as weak on terror and crime. The plans laid out in a 98-page government paper give Britain's most detailed answer yet to the question of what will replace it.

May and Trump are scheduled to hold talks and a joint news conference on Friday.

Some Brexit supporters have cast May's Brexit plan as a betrayal, including MPs in her own deeply-divided party who have warned of a leadership challenge.

Britain is now part of the EU's single market - which allows for the frictionless flow of goods and services among the 28 member states - and its tariff-free customs union for goods.

The government's proposal for a new financial services arrangement post-Brexit will effectively make it more hard for Britain's banks, insurers and asset managers to do business across the European Union. Such an approach would avoid disruption to automakers and other manufacturers that source parts from multiple countries.

Mrs May will host Mr Trump and his wife Melania at a lavish dinner at Blenheim Palace this evening.

Free trade would not apply to services, which account for 80 percent of the British economy.

European Union chief negotiator Michel Barnier has warned Britain it can't treat the EU's single market like a "big supermarket".

Trump also expressed disappointment with May's handling of Britain's withdrawal from the EU.

The aim is to keep European Union rules on goods to protect complex manufacturing supply chains, using technology to levy its own duties on UK-bound products from outside the bloc, while diverging on services.



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