Economy

Irish PM says remains concerned about UK Brexit position

Irish PM says remains concerned about UK Brexit position”

On trade, she will say: "As on security, what I am seeking is a relationship that goes beyond the transactional to one where we support each other's interests".

"She (May) has given a number of important reassurances today, which I welcome", Varadkar said."However I remain concerned that some of the constraints of leaving the Customs Union and the Single Market are still not fully recognised". Big business echoed his words and even some Brexit campaigners praised the prime minister for her pragmatism. The Union is deeply skeptical of suggestions to let Britain regulate itself, free of EU supervision, while retaining anything like its current access to EU markets, notably in many services. Manfred Weber, a close ally of German Chancellor Angela Merkel in the European Parliament, said May had her "head in the sand", while the assembly's Brexit point man Guy Verhofstadt called the speech a "few extra cherries on the cake".

Britain urged the European Union to be constructive and the EU told the United Kingdom to get realistic, as the divorcing partners differed Thursday over the Irish border and their post-Brexit economic relationship.

The prime minister also reiterated London's commitment to "turning the Joint Report agreed in December into legal text as soon as possible", the press release added.

Britain and the bloc have promised there will be no customs posts or other impediments along the 310-mile border.

But she will stick to her demand on Friday that the European Union should grant Britain its best ever trade deal, and offer close collaboration in return.

On trade May said that the UK-EU border should be "as frictionless as possible", adding London does not want to see the introduction of any tariffs or quotas.

More news: IShares Morningstar Large-Cap Growth (JKE) Declines 0.77% for Mar 2

"We must hope that they will be as positive and pragmatic as Theresa May".

The EU has already rejected what it had seen of May's strategy as unacceptable cherry picking, but she will stick to her demands for a tailor-made deal on Friday.

"The City (financial center) needs a deal in place before the end of a transition period".

Over the course of a two-hour meeting with senior figures, everyone weighed in on what May should say, with the premier agreeing to make tweaks to accommodate euroskeptics on one side and the pro-EU camp on the other, according to one official familiar with the deliberations.

The DUP's leader at Westminster, Nigel Dodds, said it was a "sensible approach" to how no hard border could work.

May conceded in her speech that access to markets would be "less than it is now". "We will not be buffeted by the demands to talk tough or threaten a walk-out", she said.

Britain has agreed to pay into the European Union budget until the end of 2020 and meet its share of commitments made in the past but not yet paid out, putting the total cost at between £35 billion and £39 billion (39-44 billion euros, $48-54 billion).



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