Wednesday, 23 November 2016

EUROPE: Is Theresa May backpedalling from her brexit means brexit?

Theresa May

Showing up before captains of industry, UK Prime Minister has proposed that the UK may have a transitional period, which will bring about a temporary arrangement before fully exiting the EU.

Recognizing business fears about a unexpected " cliff-edge" change after the UK leaves the European Union, Theresa May said keeping away from it would be a piece of converses with Brussels.

At the point when approached about getting a transitional arrangement for the UK, the PM stated that: "Obviously as we look at the negotiation we want to get the arrangement that is going to work best for the UK and the arrangement that is going to be best for business in the UK.

"And I'm conscious that there will be issues that need to be looked at ... that people don't want a cliff edge."

Far along, a representative from Downing Street appeared to glide the likelihood of lengthening the Article 50 course of events, which means longer than the set two-year time frame.

This in principle would give additional breathing space to what are set to be exceptionally perplexing arrangements including 27 different countries, the EU Parliament and Commission.

What's more, it would permit organizations to change after some time to our new association with the European Union as opposed to face that "cliff edge".

As the CBI boss Carolyn Fairbairn put it: "With only two years for such a complex negotiation, the Government rightly has on its radar that we should seek a smooth transition which gives firms time to adapt."



No comments:
Write comments