Thursday, 25 April, 2019

Britain still wants Brexit implementation phase of around two years

Britain still wants Brexit implementation phase of around two years Britain still wants Brexit implementation phase of around two years
Patty Aguilar | 21 February, 2018, 15:26

The group of Conservative lawmakers challenged May to take a harder approach on two key issues: how far British rules should move away from those of the European Union after Brexit, and the nature of the transition period that businesses desperately want.

"Such mutual recognition will naturally require close, even-handed co-operation between these authorities and a common set of principles to guide them". They number more than enough to trigger a leadership bid against Mrs May, whose government lacks a parliamentary majority.

"We are writing to reassure you of our continued, strong backing for the clear vision of an internationally-engaged, free-trading, global Britain which laid out at Lancaster House", the letter issued on Tuesday said. "Your government must have the ability to change British laws and rules once we leave, rather than being a "rule-taker", it said. The European Research Group is seen as an influential Euro skeptic voice within the Tory party. She was left weakened by last year's disastrous election.

Shadow Brexit minister Paul Blomfield said the letter showed Mrs May was "too weak to face down the fanatics in her own party and to deliver a final deal that protects jobs and the economy".

The U.K. has said it wants an implementation period to last around two years, while the European Union has stipulated an end date of December 31, 2020.

"This isn't a letter, it is a ransom note", she said.

The lawmakers' letter was dated Feb 16.

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But Mr Randell said that it had been "an error of judgement" that he had failed to further investigate those assurances. Mr Randell was appointed by the Treasury in January to take over as chairman of the main City regulator on April 1.

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The Wisconsin Department of Justice, which is prosecuting Dassey's case, has an opportunity to respond to the petition. The legal team for Brendan Dassey filed a petition before the United States Supreme Court Tuesday to hear his case.

InterContinental Hotels Group (IHG) Given "Hold" Rating at Liberum Capital
The rating was maintained by Kepler Cheuvreux on Wednesday, August 3 with "Hold". (NYSE:V) on Friday, July 14 with "Buy" rating. The stock of InterContinental Hotels Group PLC (LON:IHG) has "Underweight" rating given on Monday, July 31 by JP Morgan.

The letter was sent to the prime minister, along with Brexit Secretary David Davis, International Trade Secretary Liam Fox, and Chief Whip Julian Smith.

Davis added: "The future trade talks will be a negotiation like no other".

They warned the United Kingdom will be "legally barred" from striking free trade deals if it remains in the single market or customs union.

Nevertheless, disentangle ourselves we must and while there has been no shortage of oratory and rhetoric in recent days underlining the importance of both sides recognising each other's standards and regulations and the need for a smooth transition, there has been precious little evidence of how this can be achieved.

The British response, due to be laid before parliament this morning, will call for a mechanism to protect the United Kingdom from any "harm" caused by new European Union regulations.

Brussels also insists freedom of movement must be upheld until the transition period ends.

Mr Rees-Mogg has said the government's plans for the transition will render the United Kingdom a "vassal state" of the EU.

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