Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Thursday, April 18, 2019 05:16:18 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Theresa May puts Britain on course for 'hard' Brexit

photo by

By AFP, London
19th-Jan-2017       
Comments
Share your thought
Post a comment »
Read all () »


Prime Minister Theresa May unveiled her Brexit blueprint on Tuesday, announcing for the first time that Britain will leave Europe's single market in order to control EU immigration.
In a highly-anticipated speech, May warned the EU against imposing harsh terms on Britain's historic divorce from the bloc after more than four decades of membership.
She revealed that Britain would look to strike a new customs agreement with the EU to be able to carve out its own trade deals with the rest of the world.
In a concession to parliamentary critics, the Conservative leader also said lawmakers would get a vote on any final Brexit agreement negotiated with Brussels.EU leaders have insisted that single market membership means accepting free movement-a key issue in Britain's shock June referendum vote to become the first country to leave the 28-member grouping.
"Brexit must mean control of the number of people who come to Britain from Europe. And that is what we will deliver," May told foreign ambassadors in London.
"What I am proposing cannot mean membership of the single market."
EU immigration to Britain ran at 284,000 in the year to June 2016.
EU president Donald Tusk said May's plans were "at least more realistic" about what London wanted.
But the European Commission's chief Brexit negotiator Michel Barnier warned that an orderly divorce from the bloc within the specified two years was a "prerequisite" for any future free trade deal.
Britain has two years to negotiate a break-up deal once May triggers Article 50 of the Lisbon Treaty, officially declaring the country's intention to quit, or face leaving with no agreement.
May said London could accept departing on such terms if Brussels played hardball, but it would hurt the EU hardest.
"No deal for Britain is better than a bad deal for Britain," she said.
May has promised to trigger Article 50 by the end of March, and said she was confident that final settlements could be negotiated within the two-year timeframe.
Seeking to calm fears of a sudden jolt to the economy on abruptly leaving the EU in 2019, May said she would seek a "phased process of implementation".
EU countries accounted for 44 percent of Britain's total exports in goods and services in 2015, with the country recording a £68.6 billion ($82.7 billion, 77.9 billion euros) trade deficit with the bloc.
The single market without Britain covers 460 million people.
Brussels has estimated the bill Britain will have to pay at 55 to 60 billion euros, EU sources told AFP.
The British currency has endured a rocky ride since the June referendum, but sterling responded strongly to May's speech, wiping out losses earlier in the week to stand at $1.2379 at 1730 GMT.
"The prime minister has adopted a more pragmatic approach to Brexit than expected, providing some much needed relief for the pound," NFS Macro analyst Nick Stamenkovic told AFP.
Meanwhile London stocks closed down 1.5 percent at 7,220.38 points.

Tariff
Add Rate

News Archive

Inside The New Nation

Football »

Iniesta's J-League club Kobe part ways with coach Lillo


AFP, Tokyo :Barcelona legend Andres Iniesta's Vissel Kobe have terminated the contract of manager Juan Manuel Lillo following a poor run of results, the Japanese club said on Wednesday.The 53-year-old former Real Sociedad and Zaragoza boss won just two of six games since taking charge last October as star-studded Vissel ...

International »

US waging 'financial war' against Palestinians


AP, Ramallah, West Bank :The new Palestinian prime minister on Tuesday accused the United States of declaring "financial war" on his people and said an American peace plan purported to be in the works will be "born dead."In his first interview with international media since taking office over the weekend, ...

City »

Various organisations formed a human chain in front of Jatiya Press Club on Wednesday marking the International Krishok Sangram Dibash-2019.


Entertainment »

Priya Bapat to take up a web series


Web Series are surely the in thing nowadays and so many actors, irrespective of their stardom, are being seen in them. Marathi superstar Priya Bapat has also bagged a web series called City Of Dreams. Sharing her experience of being part of the series, she says, “Web series are now ...

Editorial »

Urgent steps needed to check outbreak of diarrhoea


AT the advent of summer this year, the number of diarrhoea patients has already crossed the recent records. International Centre for Diarrhoeal Disease Research, Bangladesh, and the other city hospitals are struggling to tackle the surge in diarrhoea patients. The diarrhoea patients admitted to the ICDDR,B has crossed the number ...

Cricket »

Tearful Taskin vows to make a strong comeback


Fast bowler Taskin Ahmed vowed to make a strong comeback after being snubbed from the 15-member World Cup squad, announced by the Bangladesh Cricket Board (BCB) on Tuesday.Chocked with emotions as tears were rolling down from his cheek Taskin shared his disappointments with media."Its' ok just pray for me," Taskin ...

Editorial »

Save the state-owned jute mills


WORKERS of state-owned jute mills across the country withdrew their 96-hours strike last night after the Bangladesh Jute Mills Corporation (BJMC) agreed to some of their demands. The decision came after a meeting between worker leaders and top BJMC officials on Monday night, following the first day of the second ...

International »

World leaders stunned by Notre-Dame fire, urge rebuilding


AFP, Paris :Global leaders and institutions shared the international shock at seeing Paris's Notre-Dame Cathedral consumed by flames.They stressed the unique and iconic place the monument has in human history and expressed solidarity with France. Pope Francis "is praying for French Catholics and for the people of Paris in face ...

City »

Prime Minister Sheikh Hasina visiting a stall at Bangabandhu International Conference Centre after the inauguration of National Health Service Week 2019 at Bangabandhu International Conference Centre yesterday.


Entertainment »

What motivated Priya Bapat to take up a web series?


Web Series are surely the in thing nowadays and so many actors, irrespective of their stardom, are being seen in them. Marathi superstar Priya Bapat has also bagged a web series called City Of Dreams. Sharing her experience of being part of the series, she says, `Web series are now ...

Editorial »

Bring private hospitals under rules and regulations


Health and Family Welfare Minister has said that government is planning to fix the charges of services provided by private hospitals and clinics. "It's a complex process but once implemented, it'll help ensure that the service seekers aren't cheated," he told a media conference yesterday. The minister also said the ...

Entertainment »

De De Pyaar De not just a rom-com: Tabu


National award-winning actress Tabu says De De Pyaar De is not just a rom-com, but explores deep and serious issues related to human nature. “I haven’t played a part like this in the past and so it was very exciting for me. De De Pyaar De has an unusual story ...

Football »

Quarter-final curse looms as Barca and Messi look to set record straight


AFP, Barcelona :Four years have passed since Lionel Messi last reached a Champions League semi-final and his drought has become a source of unease for Barcelona ahead of their latest attempt on Tuesday.Manchester United are the ones looking to emulate Atletico Madrid, Juventus and Roma by sending Barca out in ...

International »

Sudan protesters demand 'immediate' civilian rule


AFP, Khartoum : Sudanese protesters on Sunday demanded the country's military rulers "immediately" hand power over to a civilian government that should then bring ousted leader Omar al-Bashir to justice.Thousands remained encamped outside Khartoum's army headquarters to keep up pressure on a military council that took power after ousting Bashir on ...

International »

Moon pushes for summit with N Korea's Kim despite nuclear standoff


Reuters, Seoul : South Korea's President Moon Jae-in said on Monday he will pursue "in earnest" another summit with Kim Jong Un despite the North Korean leader's recent criticism of Seoul's self-proclaimed role as a mediator in stalled nuclear talks.Moon has been eager to regain momentum in talks with North Korea ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news