Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Sunday, August 5, 2018 11:37:01 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Britain likely to leave EU without deal: Minister

photo by

Britain\'s International Trade Secretary Liam Fox says that the chances of a no-deal Brexit were now \"60-40\"

By
06th-Aug-2018       
Comments
Share your thought
Post a comment »
Read all () »

AFP, London :
Britain is now likely leave the European Union without a deal due to the "intransigence" of the European Union, International Trade Secretary Liam Fox told the Sunday Times.
The pro-Brexit minister said that the chances of a no-deal Brexit were now "60-40", laying the blame on EU chief negotiator Michel Barnier.
"I think the intransigence of the commission is pushing us towards no deal," he said in an interview with the Sunday Times.
"If the EU decides that the theological obsession of the unelected is to take priority over the economic wellbeing of the people of Europe then it's a bureaucrats' Brexit-not a people's Brexit-then there is only going to be one outcome."
He said that Barnier had rejected Prime Minister Theresa May's latest plan, agreed by her cabinet, on the grounds that "we have never done it before".
It was therefore up to the EU to "show us one that they can suggest that would be acceptable to us," said Fox.
"It's up to the EU27 to determine whether they want the EU Commission's ideological purity to be maintained at the expense of their real economies."
May met with French President Emmanuel Macron on the Mediterranean coast on Friday to lobby for her Brexit plan, which has divided her government and so far failed to win over EU negotiators.
The prime minister has just a few months before an agreement on Britain's divorce from the European Union-set for March 29, 2019 -- must be forged in principle ahead of a EU summit in mid-October.
UK trade minister says 'no deal' Brexit more likely than notLONDON (AP) - Britain's international trade minister says it's likely the U.K. will fail to agree upon a divorce deal with the European Union before it leaves the bloc next March.
Trade Secretary Liam Fox told the Sunday Times newspaper that "intransigence" by EU officials "is pushing us towards no deal." He put the chance of Britain crashing out without a deal at 60 percent.
Divorce talks have stalled, and the British government is trying to heap pressure on the other 27 EU nations to compromise by stressing the economic harm from a "no-deal" Brexit that imposes tariffs and other barriers on U.K.-EU trade.
The bloc says Britain has failed to make realistic proposals. British Prime Minister Theresa May's Conservative government is split over how close an economic relationship it should seek with the bloc.
UK trade minister Fox says EU is pushing Britain to no-deal BrexitLONDON (Reuters) - British trade minister Liam Fox said "intransigence" from the European Union was pushing Britain toward a no-deal Brexit, in an interview published on Saturday by the Sunday Times.
With less than eight months until Britain quits the EU, the government has yet to agree a divorce deal with Brussels and has stepped up planning for the possibility of leaving the bloc without any formal agreement.
Fox, a prominent Brexit supporter in Prime Minister Theresa May's cabinet, put the odds of Britain leaving the European Union without agreeing a deal over their future relationship at 60-40.
"I think the intransigence of the commission is pushing us toward no deal," Fox told the Sunday Times after a trade mission in Japan.
"We have set out the basis in which a deal can happen but if the EU decides that the theological obsession of the unelected is to take priority over the economic wellbeing of the people of Europe then it's a bureaucrats' Brexit-not a people's Brexit -- (and) then there is only going to be one outcome."
It was up to the EU whether it wanted to put "ideological purity" ahead of the real economy, Fox said.
If Britain fails to agree the terms of its divorce with the EU and leaves without even a transition agreement to smooth its exit, it would revert to trading under World Trade Organization rules in March 2019.
Most economists think this would cause serious harm to the world's No.5 economy as trade with the EU, Britain's largest market, would become subject to tariffs.
Supporters of Brexit say there may be some short-term pain for Britain's $2.9 trillion economy, but that long-term it will prosper when cut free from the EU, which some of them cast as a failing German-dominated experiment in European integration.
On Friday Bank of England Governor Mark Carney said the chances of a no-deal Brexit had become "uncomfortably high".

Tariff
Add Rate

News Archive

Inside The New Nation

Sports »

Zverev beats Nishikori to reach semis, Murray withdraws


AFP, Washington :Defending champion Alexander Zverev outlasted Japan's Kei Nishikori 3-6, 6-1, 6-4 Friday to reach the ATP Washington Open semi-finals while three-time Grand Slam champion Andy Murray withdrew citing fatigue.Germany's third-ranked Zverev, seeking his fifth final of the season and third title of the year after Munich and Madrid, ...

Sports »

Sakkari beat Venus Williams to reach San Jose semis


Greece's Maria Sakkari delivered one of the biggest upsets of her career at the WTA San Jose tournament, ousting former seven-time Grand Slam champion Venus Williams in a straight sets shocker.The 23-year-old Sakkari saved two set points in the second set en route to a 6-4, 7-6 (7/2) victory over ...

Entertainment »

Amitabh gets emotional on 36 years of Coolie accident


Amitabh Bachchan is unarguably one of the biggest stars Indian cinema has ever witnessed. The supremely talented actor has starred in several Bollywood films in his long journey of 49 years. The megastar sustained a fatal injury while shooting his 1983 film Coolie. Senior Bachchan stills feels that it was ...

Entertainment »

Google celebrates 'tragedy queen' Meena Kumari


Meena Kumari, whose real name was Mahajabeen Ara Begum, was born on August 1, 1933. She began her career at the age of six under the name Baby Meena in Vijay Bhatt's "Leatherface" (1939). Google on Wednesday celebrated the 85th birth anniversary of Bollywood actor Meena Kumari with a doodle. ...

Editorial »

It`s a very tough task for a morally weak government


THE transport owners and workers have paralyzed the country for last couple of days by administering strike amidst the demand for road safety by the people of all social strata led by school-college students. The demand for vehicular movement with fitness certificate, licensed driver and exemplary punishment for killing people ...

City »

Chief Justice Syed Mahmud Hossain, along with other distinguished persons at the launching event and training programme on 'Digital Dashboard for Children's Court' organised jointly by Supreme Court Special Committee on Child Rights and UNICEF Bangladesh in the auditorium of Bangladesh Supreme Court on Saturday.


International »

North Korea alarmed by US attitudes but committed to nuclear deal


Reuters, Singapore :North Korea's foreign minister said on Saturday he was increasingly alarmed by U.S. attitudes toward the isolated state but said it remained firm in its determination to implement the nuclear deal it reached with Washington in June.The United States and North Korea pledged to end the North's nuclear ...

Editorial »

Proposed Act must ensure proper punishment of law violators to make the road secure, govt should not bow down to unlawful pressure


News media reported that the proposed much-talked-about Road Transport Act does not contain the provision of capital punishment. The Act is expected to play the role of an extinguisher to douse the flame torched by juveniles that eventually spread over the country for securing road safety. But now it seems, ...

Sports »

Andy Murray `may not play` Washington Open quarter-final


BBC Online :Britain's former world number one Andy Murray says he may not play his Washington Open quarter-final after sealing his third-round victory at 03:02 local time.Murray, 31, broke down in tears after beating Romanian Marius Copil 6-7 (5-7) 6-3 7-6 (7-4).The Scot is due to play Alex de Minaur ...

Entertainment »

Sarika banned for six months


Entertainment Report :Television Program Producers Association of Bangladesh slapped ban on popular model and actress Sarika Sabrin for six months due to unprofessional behavior with a producer. The organization took the decision at a meeting unanimously on July 28. The ban has been effective from August 1. According to a ...

City »

Ambassador of the State of Kuwait in Bangladesh Adel Mohammed A H Hayat along with some other guests and students of Kuwait Medical College poses for a photo session at a reception programme held at a city hotel for completing four-day long medical treatment of Hepatitis A virus recently.


.

International »

Suspected Russian spy found working in US embassy in Moscow


AFP, Washington :A suspected Russian spy worked at the US embassy in Moscow for a decade before being quietly dismissed last year, reports said Thursday.The woman, a Russian national, was hired by the Secret Service and came under suspicion following a routine security sweep carried out by the State Department, ...

Editorial »

Govt must take responsibility for tarnishing country`s image abroad


A Parliamentary watchdog on Wednesday came up with the observation that the gold adulteration at Bangladesh Bank vault revealed by Customs Intelligence and Investigation Directorate (CIID) of the National Board of Revenue has tarnished the country's image once again. The fault was shadowed by the government without fixing major points ...

Sports »

Imran Khan invites Kapil Dev, Sunil Gavaskar and Navjot Singh Sindhu for PM swearing-in ceremony


Pakistan's World Cup winning skipper Imran Khan has invited legendary India cricketers Sunil Gavaskar, Kapil Dev, and Navjot Singh Sidhu for his oath-taking ceremony as the Prime Minister of his country, Tehreek-e-Insaf's (PTI) political party's spokes-person Fawad Chaudhry said on Wednesday.Speaking to the media outside Pakistan's Supreme Court, Chaudhry said ...

Sports »

Argentina's Maria Granatto (center) competes for the ball with Australia's Edwina Bone (left) during the Women's Hockey World Cup quarterfinal match between Argentina and Australia at the Lee Valley Hockey and Tennis Centre in London on Wednesday.


 
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