Monday, 17 October 2016

EU draws the battle the line for Britain as the Union says it's either hard Brexit or no Brexit

Tusk

According to the president of the European Union (EU), the UK is confronted with the unambiguous decision of either a hard Brexit or no Brexit, the first occasion when he has taken such an unmistakable line on the feasible result of the UK's leave talks.

This announcement came hours after Boris Johnson, had told an advisory group of MPs of his certainty that Britain could strike a superior exchange deal with the EU after Brexit, Donald Tusk utilized a discourse in Brussels to ruin the notion that Britain can "have its cake and eat it".

Addressing a crowd of people of policymakers in Brussels on Thursday, Tusk – who heads EU leaders’ summits – said it was futile to guess around a gentle Brexit, in which the UK remained an individual from the single market. “The only real alternative to a hard Brexit is no Brexit, even if today hardly anyone believes in such a possibility.”

Without naming Johnson, infamous in Brussels for his jokey expression that Britain could have its cake and eat it, Tusk condemned "the proponents of the cake philosophy" who contended the UK could be a piece of the EU single market without bearing any of the expenses.

“That was pure illusion, that one can have the EU cake and eat it too. To all who believe in it, I propose a simple experiment. Buy a cake, eat it, and see if it is still there on the plate.”

Businesses, Labor, and direct Conservative backbenchers have all asked the British government to strike an arrangement that keeps up a large portion of the advantages of the single market.

Johnson had before told the cross-party foreign affairs select group: “We are going to get a deal which is of huge value and possibly of greater value … We are going to get the best possible deal for trade in goods and services.”

However, Tusk cautioned that Brexit would leave both Britain, and other members of the EU, more worse off. “There will be no cakes on the table, for anyone. There will be only salt and vinegar.”

His mediation is probably going to elevate nervousness in the City about the potential expenses of Brexit after the fast auction of sterling lately, which was started after Theresa May seemed to hint toward the begin of the Conservative party gathering that she supported a total separation with member country of the EU.

So far some senior ministers are secretly point the finger at each other for compounding the market flimsiness. The chancellor, Philip Hammond, is said to be worried that some of his associates are neglecting to get a handle on the full size of the dangers the administration confronts as it explores through the perplexing procedure of Brexit; he, thus, is singled out by others for notice of a financial "rollercoaster" in his meeting discourse a week ago.



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