Egypt After 2025: Navigating a Critical Inflection Point    Spot Gold, futures slips on Thursday, July 17th    Egypt's EHA, Huawei discuss enhanced digital health    Egypt expresses condolences to Iraq over fire tragedy    Egypt, Oman discuss environmental cooperation    Egypt's Environment Minister attends AMCEN conference in Nairobi    At London 'Egypt Day', Finance Minister outlines pro-investment policies    Sukari Gold Mine showcases successful public–private partnership: Minister of Petroleum    Egypt's FRA chief vows to reform business environment to boost investor confidence    Egyptian, Belarusian officials discuss drug registration, market access    Syria says it will defend its territory after Israeli strikes in Suwayda    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    Sri Lanka's expat remittances up in June '25    EU–US trade talks enter 'decisive phase', German politician says    Egypt's Health Min. discusses drug localisation with Sandoz    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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.