Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Tuesday, November 13, 2018 03:05:43 AM
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 »

New York City forward David Villa (7) movers the ball as Atlanta United defender Miles Robinson (12) defends during the first half of their MLS playoff soccer match in Atlanta on Sunday.


Football »

Ronaldo ends San Siro hoodoo as Juventus beat Milan 2-0


AP, Milan :Cristiano Ronaldo ended his San Siro hoodoo to help Juventus to a 2-0 win after AC Milan forward Gonzalo Higuain missed a penalty against his former team on Sunday.Higuain left Juventus in the offseason following the signing of Ronaldo and he had a nightmare game as he was ...

Editorial »

No development yet in city's road traffic management


THE directives to ensure discipline in traffic system issued by higher authorities have failed to bring any result. The traffic rule violation is still rampant. Almost all directives addressing owners and workers of city service buses and human haulers, pedestrians and drivers went unheeded. If the traffic management system returns ...

International »

California wildfires: Death toll reaches grim milestone


The death toll in wildfires sweeping California has risen to 31, with more than 200 people still unaccounted for, officials have said.Six more people were confirmed killed in the Camp Fire in the north of the state, taking the toll there to 29.That fire now equals the deadliest on record ...

City »

Prime Minister Sheikh Hasina receiving ASOCIO 2018 Digital Government Award from Post, Telecommunication and Information Technology Minister Mostofa Zabbar at the cabinet meeting on Monday.


Entertainment »

Mamo, Puja share big screen for first time


Sheikh Arif Bulbon :It was earlier fixed that Raihan Rafi directed and Jaaz Multimedia produced movie Dohon was scheduled to release on November 16. Later releasing date was changed to November 30. Owner of Jaaz Abdul Aziz confirmed the matter yesterday. Main theme of the story was given by him ...

Entertainment »

Sonakshi Sinha has only special appearance in Mission Mangal?


Actor Akshya Kumar recently announced the entire cast of India’s first space film Mission Mangal. The film is set to go on floors next month and will be helmed by Jagan Shakti. Besides Akshay as the main lead, Mission Mangal has an impeccable leading cast that includes names like Vidya ...

Football »

Iran women attend Asian Football final in rare `victory`


Hundreds of Iranian women attended a crunch football match in Tehran, in a rare step seen Sunday as a "victory" by local newspapers and hailed by FIFA as an "historic and festive day" for the sport.About a thousand women were allowed into Azadi Stadium late Saturday to watch Iranian giant ...

Editorial »

Bring the criminals to book and ensure their harsher punishment


ANOTHER woman was killed in a running bus on Friday night. This time her father was also pushed off the vehicle on Dhaka-Tangail highway in Savar. The incident may remind one of the rape and murder of law student Rupa Khatun inside a running bus in Tangail over a year ...

International »

Change tack or face defeat, Brexit critics tell British PM May


Reuters, London  :Prime Minister Theresa May was under growing pressure on Sunday to change her plan for Britain to leave the European Union to avoid defeat in a parliamentary vote.With both Britain and the EU suggesting an agreement is close, eurosceptic lawmakers and a leading member of a small Northern ...

City »

Prime Minister Sheikh Hasina chaired a meeting of Awami League (AL) Parliamentary Nomination Board as the party president at the AL's Central Office at Bangabandhu Avenue yesterday afternoon.


Entertainment »

Pori Moni to star as a journalist in upcoming crime thriller


Entertainment Desk :One of the top actresses of the country Pori Moni will be featured in Gias Uddin Selim's new web series titled, 'Preeti.' The Dhallywood star will be seen playing a role of investigative journalist in this upcoming crime thriller. In 'Preeti,' Pori Moni will unveil the crime world and ...

Business & Economy »

20 years is the timeline to replace greed-driven society: Prof Yunus


UNB , Wolfsburg, Germany :Nobel laureate professor Muhammad Yunus has set a 20-year timeline to build a new civilisation alongside replacing the "greed-driven" society which will help remove enormous amount of "frustration and gloom"."Twenty years, that's the timeline. It's possible," he said urging all to start the countdown to that ...

International »

Sri Lanka crisis deepens as President calls snap election


AFP, Colombo :Sri Lanka plunged deeper into crisis Saturday after President Maithripala Sirisena called a snap election, leaving the country facing a further two months of damaging political paralysis with a pair of bitter rivals claiming to run his government.In what opponents condemned as an illegal move, Sirisena dissolved parliament ...

Football »

Members of Bangladesh Olympic Women`s Football team during their practice session at Yangon in Myanmar on Saturday. Bangladesh will face their counterpart India today in their Asian Qualifiers of the Women's Olympic Football Tournament.


 
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