United Kingdom aims to keep financial rules close to European Union after Brexit

Marcus Newton
February 17, 2018

The Prime Minister, speaking alongside the German leader following talks in Berlin, said she wanted a "bold and ambitious partnership", but it was not a "one-way street" as European Union firms also stood to benefit.

May has previously drawn criticism for appearing to link security - in which Britain is a major player -with her hopes for a new trade deal with the EU.

Speaking in conciliatory terms as Britain's prime minister prepares to present her ideas on security cooperation in Munich on Saturday, the German chancellor said that the two sides were seeking common ground.

Neither "rigid institutional restrictions" nor a "deep-seated ideology" should come before protecting the public, she will say, insisting that Britain and Europe's common enemies "would like nothing more than to see us fractured".

Asked whether she viewed the Prime Minister's wish for a bespoke Brexit deal, not based on any current models, as "cherry-picking", the Chancellor replied: "In the end, the outcome needs to be a fair balance, that deviates from the single market and not as close a partnership as we've had, but I think one can find that.

I am curious how Great Britain imagines our relationship to be", said Merkel at a joint press conference with May in Berlin, a nod to rumours that she had made fun of the British PM's circular negotiation tactics at a Davos reception last month.

The view in German government circles is that Britain will need to iron out final details of the exit deal by October in order to meet its own deadlines to formally leave the European Union on 29 March 2019.

It is in sharp contrast to the views of some campaigners at big business organisations and the survey also reveals that a majority of French German and Spanish firms think Brexit will be good for the EU

The first phase of talks focused on the protection of the rights of European Union citizens in the United Kingdom and UK citizens in the bloc, the UK-Irish border and London's financial obligations to Brussels after Brexit.

"I'm not frustrated at all", she said.

'We have referred in our discussions to the UK's vision for a bold and ambitious economic partnership once the United Kingdom leaves the European Union, ' she said.

Brexit spokesman Tom Brake added: "The Conservative civil war is raging so violently that they have no battle plan for Brexit, which is why the issue everyone agrees on - that there must be no hard border between Northern Ireland and the Republic of Ireland - somehow remains a possibility".

But Mrs Merkel - who said Germany deplored the UK's decision to leave the European Union - insisted that there could still be a close relationship and "this does not mean that it needs to be cherry-picking".

"This can not be a time when any of us allow competition between partners, rigid institutional restrictions or deep-seated ideology to inhibit our cooperation and jeopardise the security of our citizens".

More news: Friends Claim That Jennifer Aniston & Justin Theroux Lived Apart For A Year
More news: Republican Romney to announce Senate bid Friday
More news: Grandmother Foiled School Shooting Plans in Washington

Other reports by MaliBehiribAe

Discuss This Article