Register
Login:
Share:
Email Facebook Twitter


London South East Natural Resources Webcast


Macroeconomic News


UPDATE 1-UK's Corbyn wants much more information on EU divorce deal

Fri, 8th Dec 2017 16:15


(Adds quotes, more background)

By Tom Miles

GENEVA, Dec 8 (Reuters) - British opposition leader Jeremy Corbyn said on Friday he wanted to see much more information about the Brexit divorce deal struck between Prime Minister Theresa May's government and the European Commission.

May sealed the deal after a pre-dawn dash to Brussels, thereby clearing the way for the start of arduous talks on future trade ties between Britain and the EU after Brexit.

Asked if he thought the deal with the EU was a breakthrough, Corbyn told reporters: "Until I see more of it, no."

Speaking in Geneva after a visit to the United Nations, Corbyn said his party stood ready for another parliamentary election in Britain at any time, noting May's reliance for her majority on Northern Ireland's Democratic Unionist Party (DUP).

"They (the DUP) seem to be calling the shots all the time. They scuppered a deal she was trying to make a few days ago and they clearly put conditions on this, which is why I want to see a much fuller statement than we’ve had thus far," he said.

The next election in Britain is not due until 2022, but there has been much media speculation that it could come much earlier due to May's lack of a parliamentary majority and deep divisions within her governing Conservative Party over Brexit.

Corbyn said Labour had consistently called for maintaining the benefits of belonging to the EU's customs union and single market during a transitional period as Britain leaves the bloc.

"The transitional period is unspecific and I think she needs to bring some clarity to that," he said.

The transition should be long enough to guarantee UK and EU jobs and to deal with common problems, such as regulating airspace, he said. It should also ensure that consumers', workers' and environmental rights were put into British law.

"The statements that have been made this morning do not specify what regulatory framework there will be in the future and that remains to be seen, because there are still many people in the Conservative Party who want to live in a de-regulated environment, where Britain basically lowers wages and conditions and the tax take on large corporations."

Corbyn said he hoped Friday's deal included sections on the rights of family reunion for EU and British citizens, adding they should be granted unilaterally and not negotiated.

A reference in the deal to involving the European Court of Justice on citizenship issues for up to eight years was a sign that the government accepted the need for judicial oversight of citizens’ rights, he said. (Reporting by Tom Miles; Editing by Janet Lawrence and Gareth Jones)



(c) Copyright Thomson Reuters 2017. Click For Restrictions - http://about.reuters.com/fulllegal.asp




Back to Macroeconomic News


Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk




Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.