Australia returns 17 rare ancient Egyptian artefacts    Egypt GDP growth hits three-year high of 5.3% in Q1 2025/26    Egyptian pound edges up against dollar in early Thursday trading    Oil prices dip on Thursday    Asian stocks rise on Thursday    Egypt, Algeria sign wide-ranging cooperation agreements    Cairo affirms commitment to Lebanese sovereignty, urges halt to cross-border violations    Gaza death toll rises as humanitarian crisis deepens, Israeli offensive expands in West Bank    Egypt expands rollout of Universal Health Insurance    Egypt's Al-Sisi links national progress to strict law enforcement, says society has role in reforming legal application    China's WINPEX to establish $15m lighting equipment plant in Ain Sokhna    China invites Egypt to join African duty-free export scheme    Egypt, Algeria agree to deepen strategic ties, coordinate on Gaza ceasefire, regional crises    Ahl Masr Hospital Launches Region's First Burn Care Conference    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Cairo hosts African Union's 5th Awareness Week on Post-Conflict Reconstruction on 19 Nov.    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt adds trachoma elimination to health success track record: WHO    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



UK euroskeptics urge PM May to prepare for 'no deal' Brexit
Published in The Egyptian Gazette on 24 - 06 - 2018

LONDON, June 24, 2018 (News Wires) - Pro-Brexit politicians and business figures have urged British Prime Minister Theresa May to be ready to walk away from the European Union without a trade agreement, despite warnings from major manufacturers that a "no deal" Brexit would be an economic disaster.
In an open letter, 60 lawmakers, economists and business chiefs accused the EU of being "intransigent" in divorce talks and said Britain should threaten to withhold the 39 billion pound ($52 billion) divorce bill it has already agreed to pay.
The letter released Sunday by Economists for Free Trade was signed by prominent supporters of a "hard Brexit," including ex-UK Treasury chief Nigel Lawson, Conservative lawmakers John Redwood and Peter Bone, and Tim Martin, chairman of the Wetherspoons pub chain.
They urged U.K. authorities "to accelerate their preparations for 'no deal' and a move to a World Trade Deal under WTO rules."
That would mean tariffs and other trade barriers between Britain and the EU, and many businesses say it would severely harm the UK economy. Airbus, Siemens and BMW have all warned recently that leaving the EU without a free-trade deal would hurt British businesses and cost jobs. Airbus alone employs nearly 14,000 workers in the UK.
Health Secretary Jeremy Hunt said the warnings from businesses were "inappropriate" and undermined chances of getting a "clean Brexit."
"The more that we undermine Theresa May, the more likely we are to end up with 'a fudge,' which would be an absolute disaster for everyone," he told the BBC.
May's Conservative government is divided between Brexit-backing ministers calling for a clean break so that Britain can strike new trade deals around the world, and those who want to stay closely aligned to the EU, Britain's biggest trading partner.
Hunt urged people to unite behind the prime minister, saying she would mix "cautious pragmatism" with a determination to fulfil voters' decision to leave the EU.


Clic here to read the story from its source.