Saturday, 24 December 2016

Britain is said to be living in Fantasy Island over Brexit divorce

UK/EU divorce

Some specialists have warn that the United Kingdom is "living on Fantasy Island". This may be due to the way in which the UK is pressing forth some divorce demand from the European Union.

It was also reported that researchers who are working on Britain in a dynamic European initiative, have also cautioned approach to the UK after the EU referendum. According them, Theresa May’s stance concerning Brexit is one the reasons that brought about the change.

Report also has it that a major issue in the negotiation will be the"divorce bill" that will be offered to Britain by the European Commission, which sources believed to be in the region of £50bn to £60bn. Thus politically embarrassing the British Prime Minister with such bill.

London School of Economics assistant professor Sara Hagemann said the prospect of Brexit has "united the EU27 to a degree rarely seen before".

"While several of these countries first expressed the hope that a solution would be found to keep London 'closely involved in EU affairs', attitudes are now quite different," she said.

"The UK Government is seen as working opportunistically with only UK interests in mind and little consideration for wider European issues and priorities."

Nonetheless, the most significant time in the divorce negotiations will be how the European Union reacts to the way Article 50 is being triggered by the UK.

According to Dr Angus Armstrong of the National Institute of Economic and Social Research: "If the continental consensus is that the UK is still living on Fantasy Island, we could be heading for a showdown sooner than anyone expects."

So far, there is the feeling that the PM is possibly working towards taking the UK out of the EU single market, while seeking a free trade deal for goods and sectoral agreements to allow as broad as possible access for services.

Immigration would be brought "fully" under UK Government control, which will result in a "large fall" in EU migration to the country.

The report, titled Brexit: Six Months On, warns that divisions within the Conservative Party and the Cabinet itself may "hamstring" the Prime Minister as she finalises her position in the weeks before the tabling of Article 50.


A DExEU spokesman said: "We're preparing for a smooth and orderly exit from the EU and by working together with our European neighbours we're confident we will be able to secure a deal that works in the mutual interests of both the UK and the rest of the European Union."

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