Published: Wed, March 14, 2018
Worldwide | By Victor Meyer

Tusk threat to 'freeze' Brexit talks until Irish get deal

Tusk threat to 'freeze' Brexit talks until Irish get deal

"The time will come when you regret your decision", the president of the European Commission said, as Nigel Farage laughed and shook his head in disbelief.

Mr Farage also used his time in parliament to complain that the United Kingdom was unable to complete a trade deal with the USA while it remains in the transition period.

He added: "For the moment, it is not unlikely that the negotiations will end up with a bad result, a bad result for the European Union but worse for the UK".

Mike Cherry, national chairman of the Federation of Small Businesses, said discussions over future trade deals were "clearly important" but the priority for firms now was getting clarity about the immediate future with the European Union after Brexit day.

"I would rather have preferred Britain not to have chose to leave the European Union, but anyone who leaves the European Union has to know, frankly, what this means", he said. Do you accept that, or do you then put in a guard to stop them doing that.

"The draft protocol on Ireland should not come as a surprise or a shock it translates last December's agreement into a legal text", Juncker said.

"It is not crystal clear how a potential exclusion process will function", European Commision Vice President Jyrki Katainen told a news conference, saying he had discussed the issue with France and Japan.

But he was heckled by one MEP, who shouted: "It is a British issue".

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Last December the Bank of England proposed allowing European Union banks in Britain to continue as branches in London after Brexit on condition of some form of reciprocity from Brussels to avoid lenders having to find extra capital to become fully fledged subsidiaries.

Overall, he added, "it is time to face up to the hard facts".

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.

Survey questions cover contact details, European Union laws under which firms are passporting into Britain and the firms' intentions regarding access to Britain's financial market after Brexit.

The European Parliament's Brexit coordinator Guy Verhofstadt said talks he held with May and her Brexit minister David Davis last week had left him confident London would "see the advantages of such an approach".

He said: 'There was this Mansion House speech by Mrs May, but it was mainly repeating the red lines that we know already'.

The EU has consistently said since the June 2016 referendum that it's not looking to punish Britain for its vote and is working to get a deal on the future relationship that works for both sides but which is consistent with its rules.

"At the same time, being outside the Customs Union and the Single Market will inevitably lead to frictions".

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