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

European Council President Donald Tusk says both sides will suffer economically after Brexit 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.

Related News:

  • Congressional Republicans Unlikely To Act To Counter Trump On Tariffs

    Congressional Republicans Unlikely To Act To Counter Trump On Tariffs

    And in OH , 410,300 workers are directly employed in industries that use steel and aluminum, according to Crain's Cleveland . Flake said he would "immediately draft and introduce legislation to nullify these tariffs", which he called "ill-advised".
    Jacksonville Jaguars to sign Andrew Norwell

    Jacksonville Jaguars to sign Andrew Norwell

    The expected deal will guarantee Norwell $30 million and on average make him the NFL's most well-paid guard. Last year's starting left guard, Patrick Omameh, is set to become a free agent this week.

    Dunelm Group (LON:DNLM) Earns "Overweight" Rating from JPMorgan Chase & Co

    The stock of Hostelworld Group Plc (LON:HSW) has "Buy" rating given on Monday, April 3 by Numis Securities. The target gives a potential upside of 12.15 % from the current stock price of Smiths Group (LON:SMIN).
  • This $10000 3D-Printed Concrete House Took Only 24 Hours to Build

    This $10000 3D-Printed Concrete House Took Only 24 Hours to Build

    ICON has built up a technique for 3D-printing of a solitary story 650-square-foot house out of cement in only 12 to 24 hours . The 3D Vulcan printer which was used in making the house is reported to be massive, but still portable.
    New season of 'American Idol' starts with a bang!

    New season of 'American Idol' starts with a bang!

    The GRAMMY victor got up from the judge's table and walked over to Francisco to give him a hug. "Come here, Benjamin. He strums his battered guitar and sings a star-making rendition of "Unaware" by Allen Stone .
    CIA's Pompeo brings insider's touch to secretary of state role

    CIA's Pompeo brings insider's touch to secretary of state role

    The move comes less than a week after the Trump administration agreed to a historic meeting with North Korean leader Kim Jong Un. Mr Tillerson had just returned from a shortened trip to Africa hours before Mr Trump's announcement.
  • Trump Immigration Officials Jab Back at California Pols Ahead of Visit

    Trump Immigration Officials Jab Back at California Pols Ahead of Visit

    They blamed Schaaf's warning for ICE's failure to apprehend all of its targets-the raid resulted in around 200 arrests. Schaaf's actions were "misguided", but that blaming her "for 800 unsafe people out there is just false".
    Former Florida TE Trey Burton agrees to monster deal with Chicago Bears

    Former Florida TE Trey Burton agrees to monster deal with Chicago Bears

    The 26-year-old Parkey has converted 86.4 of his career FG tries in parts of four seasons with the Eagles , Browns and Dolphins. In his second season in Jacksonville in 2015, Robinson caught 80 passes for 1,400 yards, and an NFL-leading 14 touchdowns.
    SBI to Reduce Fines on the savings account

    SBI to Reduce Fines on the savings account

    However, it needs to be noted that, the customer can not have any other Savings Bank Account, if he/she has a BSBD Account. The SBI Bank has issued a notification on April 1, reducing the penalty on a savings account.
  • China to Merge Banking, Insurance Regulators: Document

    China to Merge Banking, Insurance Regulators: Document

    Functions such as drafting key regulations and prudential oversight will be transferred to the PBOC, according to the document. The securities and state assets regulators were not mentioned among the proposed changes.
    Siale Angilau Shot In Courtroom After Attacking Witness

    Siale Angilau Shot In Courtroom After Attacking Witness

    He also noted that the defendant was already on the ground when the Marshall fired the final three shots, CBS News also reported. The family of Siale Angilau , 25, have argued that the United States marshal who shot him dead used excessive force.
    HBO Exec Apologizes For Saying 'Big Little Lies' Cast 'Raped' Network's Budget

    HBO Exec Apologizes For Saying 'Big Little Lies' Cast 'Raped' Network's Budget

    She mentioned that "None of the cast had received the scripts prior, and one by one they started falling down to their deaths". Amazon is not paying for the travel, which is somewhat of a disgrace and Amazon needs to know that.


Most liked

Final Fantasy 7 Remake Job Listing Reveals Development Progress Update
It seems like the developers, Square Enix, are examining programs that implement general functions and contents for the game . They are now in the thought process of creating a world of Final Fantasy VII that is being resurrected for the modern times.

'The Room's Tommy Wiseau Auditions To Play The Joker
Wiseau has been an internet favorite since The Room became a cult hit on the midnight screening circuit. Sestero's Batman challenges him, but Wiseau's Joker says he wouldn't kill the Batman .

Notre Dame vs. Hampton: 2018 NIT First Round Preview
Colson finished his final regular season averaging 20.2 points, 10.1 rebounds, 1.8 steals and 2.3 blocks on 50.3 percent shooting. Playing their best basketball late in the season, the Pirates could cause the Irish some problems in the first round of the NIT .

Russian exile Nikolai Glushkov found dead in London
In 2017, during a trial in absentia in Russia, Glushkov was sentenced to eight years in prison for stealing $123m from Aeroflot . Counter-terror police are examining the death of a Russian businessman in London , believed to be Nikolai Glushkov.

Kanye West Is Apparently Back On His Mountaintop Making Music
The latest edition of Elle Magazine featuring cover girl Kim Kardashian is now on newsstands. Kand Kanye married on May 24, 2014 at Fort di Belvedere in Florence, Italy.

Danny Woodhead Reportedly Released by Ravens After 1 Season with Team
The Baltimore Ravens will not pick up the option for right tackle Austin Howard , according to Ian Rapoport of NFL Network. He finished 2010-11 with a single-season career-high 545 yards rushing, including five touchdowns on the ground.

Donald Trump's Body Man John McEntee Leaves White House; Rejoins Campaign
It also comes after communications director Hope Hicks and economic advisor Gary Cohn left their posts . McEntee joined the president's small team three years ago during the earliest days of the campaign.

Myanmar : UN Findings on Human Rights Lack Credibility
UN Myanmar investigator Yanghee Lee said the government used Facebook to disseminate information to the public. This content goes viral, normalizing hate speech and shaping public perception.

Buffalo Bills, Star Lotulelei agree to 5-year deal
A first-round pick in the 2014 NFL Draft, Lotulelei has been with the Carolina Panthers for the first five years of his career. In his career, he has started 75 of 76 games, with 88 tackles, 11.5 sacks, two forced fumbles and two fumble recoveries.

Google cofounder's flying taxi takes to the skies in New Zealand
With a 36-foot wingspan, the aircraft flies between 500 and 3,000 feet above the ground at around 110 miles per hour. Bonus points: The Kitty Hawk taxis will be autonomous.

Joy Behar Apologizes on 'The View' for Mike Pence 'Mental Illness' Joke
While claiming he accepted her apology, he then passive aggressively suggested she needed to make it public. ESPN is also owned by Disney. "I'm a great admirer of Mike Pence and his family", she said.

Matt Damon And Ben Affleck commit to inclusion riders after Oscars appeal
Fanshen Cox DiGiovanni made the announcement on Monday night via Twitter at the South by Southwest Film Festival. Matt Damon and Ben Affleck are the latest stars to follow Frances McDormand 's advice on " inclusion riders ".

Pogba included in Man Utd squad to face Sevilla
They are also flakey on the road and their 5-1 drubbing at Spartak Moscow earlier in the campaign was nothing short of a disaster. United are not now being tipped for the crown with the likes of Manchester City, Barcelona and Real Madrid dominating the odds .

Spring Statement: Chancellor unveils consultation on plastic tax
Hammond's Treasury deputy Liz Truss said there would be "no red box, no rabbits out of the hat and no tax changes". The budget statement is also tipped to include improved economic growth and borrowing forecasts.

Amazon.com (AMZN) Receives Buy Rating from MKM Partners
Gofen & Glossberg Llc decreased General Electric (NYSE:GE) stake by 47,950 shares to 1.92M valued at $46.33M in 2017Q3. Taylor Hoffman Wealth Management purchased a new stake in Amazon.com during the 4th quarter valued at $108,000.