Money May's Cabinet Is Split Three Ways Over Brexit Transition Plan

11:35  12 august  2017
11:35  12 august  2017 Source:   Bloomberg

UK 'deluded' over plan for Brexit transitional period, warns Hogan

  UK 'deluded' over plan for Brexit transitional period, warns Hogan Ireland has threatened to block Britain's plans for a two-year transition period after Brexit amid a furious row over customs arrangements. Ireland's EU Commissioner Phil Hogan said this country could be the "biggest victim of this mess" and accused the UK of "high-level delusion".Taoiseach Leo Varadkar has already urged Britain to stay in the customs union and warned that unless it does there could be a new border in the Irish Sea.The British government will today publish a position paper suggesting that ministers will stick to their plan for a "light touch" customs border between Ireland and Northern Ireland.

(Bloomberg) -- Prime Minister Theresa May ’ s cabinet remains divided over the best way to navigate Britain’s exit from the European Union, with advocates of a harder Brexit arguing for the shortest transition period possible.

Prime Minister Theresa May ’ s cabinet remains divided over the best way to navigate Britain’s exit from the European Union, with advocates of a harder Brexit arguing for the shortest transition period possible.

What to watch next
  • Boydston Says Kim Jong-Un Has Dual Track Policy

    Boydston Says Kim Jong-Un Has Dual Track Policy

    Bloomberg Logo
    Bloomberg
    1:16
  • Bandow Says Bluff and Blister Doesn’t Help U.S.

    Bandow Says Bluff and Blister Doesn’t Help U.S.

    Bloomberg Logo
    Bloomberg
    2:09
  • Rupkey Says Abenomics is a ‘Great Political Miracle’

    Rupkey Says Abenomics is a ‘Great Political Miracle’

    Bloomberg Logo
    Bloomberg
    3:47
  • Trump Steps Up Warnings to North Korea

    Trump Steps Up Warnings to North Korea

    Bloomberg Logo
    Bloomberg
    3:38
  • Nilsson-Wright on the Danger of U.S.-N. Korea Rhetoric

    Nilsson-Wright on the Danger of U.S.-N. Korea Rhetoric

    Bloomberg Logo
    Bloomberg
    2:13
  • Marshall Says Businesses Want Practical Answers on Brexit

    Marshall Says Businesses Want Practical Answers on Brexit

    Bloomberg Logo
    Bloomberg
    2:00
  • Merkel Hits Campaign Trail Seeking Fourth Term

    Merkel Hits Campaign Trail Seeking Fourth Term

    Bloomberg Logo
    Bloomberg
    2:20
  • Canada Trade Minister Confident Going Into Nafta Talks

    Canada Trade Minister Confident Going Into Nafta Talks

    Bloomberg Logo
    Bloomberg
    2:57
  • Trump Says He Hasn't Considered Firing Mueller

    Trump Says He Hasn't Considered Firing Mueller

    Bloomberg Logo
    Bloomberg
    1:42
  • Trump Calls Paul Manafort a 'Decent Man'

    Trump Calls Paul Manafort a 'Decent Man'

    Bloomberg Logo
    Bloomberg
    1:05
  • Trump Dials Up Warning to North Korea

    Trump Dials Up Warning to North Korea

    Bloomberg Logo
    Bloomberg
    3:13
  • Trump Says North Korea Better Get Its Act Together

    Trump Says North Korea Better Get Its Act Together

    Bloomberg Logo
    Bloomberg
    3:13
  • Trump Slams McConnell Over Failure of Obamacare Repeal

    Trump Slams McConnell Over Failure of Obamacare Repeal

    Bloomberg Logo
    Bloomberg
    1:23
  • Trump's 'Fire and Fury' Comment Stems From His Uncle John

    Trump's 'Fire and Fury' Comment Stems From His Uncle John

    Bloomberg Logo
    Bloomberg
    2:29
  • Mueller Said to Turn Up the Heat on Manafort

    Mueller Said to Turn Up the Heat on Manafort

    Bloomberg Logo
    Bloomberg
    2:32
  • Atlantic Council's Metzl Says Trump 'Mouthing Off'

    Atlantic Council's Metzl Says Trump 'Mouthing Off'

    Bloomberg Logo
    Bloomberg
    2:06
UP NEXT
UP NEXT

Prime Minister Theresa May’s cabinet remains divided over the best way to navigate Britain’s exit from the European Union, with advocates of a harder Brexit arguing for the shortest transition period possible.

May set to propose special Brexit deal allowing Irish to work in UK

  May set to propose special Brexit deal allowing Irish to work in UK A Brexit deal to allow free movement of people between Ireland and the UK with a "light-touch customs regime" is to be proposed by the British government.This would allow Irish citizens to work freely in the UK, and British citizens would work freely in Ireland.

Prime Minister Theresa May ’ s cabinet remains divided over the best way to navigate Britain’s exit from the European Union, with advocates of a harder Brexit arguing for the shortest transition period possible.

Theresa May ’ s cabinet is split into at least three groups over how Britain should arrange a transition period after Brexit , according to several people involved in discussions. One group, led by Philip Hammond, the chancellor

While the government now seems to agree on the need for a transition period, how this should be managed has split May’s closest ministers into three factions, according to an analysis by Cicero Group.

The divisions highlight the fragility of May’s administration after June’s snap election left her with no majority in Parliament. The new balance of powers has allowed those backing a more gradual break with the bloc, led by Chancellor Philip Hammond, to wield more influence on the shape of Brexit. Still, EU leaders have warned that with a 2019 deadline, the clock is ticking.

Hammond, backed by Home Secretary Amber Rudd, is focusing on the economic risks of Brexit, and on making the transition as gradual as possible. This includes keeping free movement for up to three years, and ensuring businesses retain full access to the single market and customs union during a transition period before moving to an implementation phase.

Trade Secretary Liam Fox is leading a faction on the other end of the spectrum, calling for as short a transition as possible and the freedom to negotiate trade deals straight away, according to Cicero.

The political consultancy sees May, her deputy Damien Green as well as leading Brexit supporters such as Environment Secretary Michael Gove and David Davis as positioning themselves between the two, backing a sustained transition period during which few restrictions would be put on EU migration, and rejecting single market membership but calling for transitional customs arrangements.


Britain's Unreal Brexit Transition Debate .
The air of unreality about the Brexit transition debate extends to the question of the form of the transition too: How will the U.K. negotiate with the EU when it isn’t entirely clear what it wants?There is an air of unreality about the debate that has been raging this summer over a Brexit transition deal. The mere fact that this debate is taking place at all is unreal. It was never remotely plausible that the U.K.

Source: http://uk.pressfrom.com/news/money/-193461-mays-cabinet-is-split-three-ways-over-brexit-transition-plan/

—   Share news in the SOC. Networks

Topical videos:

This is interesting!