European Union asks for more clarity from Britain on future relationship after Brexit

Critics have seized on EU proposals to maintain access to British fishing waters More

Speaking from the United States, the Irish Prime Minister did not accept ideas from the new research paper on smart border technology commissioned by the European Parliament.

The section on the Irish border was broadly unchanged in the latest draft.

The UK will leave the single market and things are going to be different in the future, but the UK will not take part in a regulatory race to the bottom at the expense of workers' rights or the environment.

"It's the first time we negotiate a trade agreement in order to make trade conditions worse".

The second option Theresa May put forward in her speech was a customs arrangement whereby a smart border utilising technology could be erected.

Though Britain is due to leave the European Union in March 2019, much uncertainty hangs over what happens next and that's raised fears that tariffs will be slapped on British goods and the key services sector will face wide-ranging restrictions. A trusted traders scheme would alleviate some concerns but this system could still be open to abuse.


Although Donald Tusk has commented that it would be too hard to implement, and therefore unlikely to go ahead, organisations in the industry are pushing for a deal to be reached.

After Theresa May rejected EU proposals for Northern Ireland effectively to remain in the customs union, Mr Tusk warned that progress in Brexit talks could be put at risk if there was "backsliding" on principles agreed a year ago. This would effectively push the border back to the Irish sea between the island of Ireland and the rest of the UK. During a speech to the British Chamber of Commerce, Arlene Foster, the leader of Northern Ireland's Democratic Unionist Party (DUP), attacked the EU's hardening stance on both trade and the Irish border.

The Prime Minister also acknowledges that regulatory alignment between the United Kingdom and the European Union, across multiple industries, will be needed to enable market access in the future, so that-for example-the United Kingdom will remain "in step" with the EU's regulations on state aid and competition (anti-trust).

The future strength or weakness of Sterling is very much linked to the future outcome from Brexit, overall expectations on the final deal from Brexit are taking time to finalise but thankfully we do seem to be getting ever closer to understanding at least the ultimate direction. Brexit will allow for bilateral trade agreements, however, these will come with pressures on standards and visa schemes.

One of the big Brexit sticking-points centres on the border between Ireland and Northern Ireland.

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