EU's Barnier says talks on Brexit going ahead

Cornelia Mascio
Settembre 18, 2018

But failure to get a deal would lead to a contraction, she said.

"Let's be clear about this, under "no-deal" there would be some short-term disruption".

Gove said the responsibility was now with Brussels "because we've shown flexibility". "It's rhetoric, not reality, and it can't be allowed to happen".

European Union diplomats warn that British demands for partial single-market access could undermine "the level playing field" if Britain refuses to stick to European Union health, labour and environment standards and seeks to make exports like steel cheaper.

International Monetary Fund (IMF) managing director Christine Lagarde speaks during a press conference to mark the publication of the 2018 Article IV assessment of the United Kingdom at the Treasury in central London, Monday Sept. 17, 2018.

Hammond, speaking as the International Monetary Fund said in a report that Britain faced a "significantly worse" economic outlook if it did not reach a Brexit deal, said he was confident an agreement would be reached in the autumn, but a no-deal outcome was not impossible. Finance Minister Philip Hammond told senior ministers last week that Brexit could have to be delayed beyond March 29 in order to pass new laws, The Sun newspaper said on Saturday.

He added: "The IMF are clear today that no deal would be extremely costly for the United Kingdom as it would also for the European Union, and that despite the contingency actions we're taking, leaving without a deal would put at risk the substantial progress the British people have made over the past 10 years in repairing our economy". A no-deal Brexit "would impose very large costs on the U.K economy", she said.

"I think that the alternative to that will be having no deal", she said, in reference to her so-called Chequers plan which had deeply divided different sections of the political divide.

It said that a no-deal scenario "would leave many businesses facing huge uncertainty".

"At the time, he congratulated the Prime Minister for her determination in securing the deal".

However, the plan faced criticism from within her own party, and triggered the resignation of Foreign Secretary Boris Johnson, who recently referred to her plans as a "suicide vest".

In a bid to counter such concerns, Downing Street is "seeking a political declaration on the future EU-UK relationship which states the Irish backstop plan will never be needed, and that both sides will negotiate a free trade area between the EU and the whole UK", says the Financial Times.

It has proposed that Northern Ireland stay aligned with the remaining 27 bloc members after Brexit as part of a "backstop", or insurance policy to avoid the reimposition of border checks.

Hardline Conservatives have claimed up to 80 Tory MPs are prepared to vote against May's plan.

UK Labour Party leader Jeremy Corbyn leaves the stage after delivering a speech at Queens University in Belfast, Northern Ireland, May 24, 2018.

Until recently, the Prime Minister had appeared to keep the possibility for preferential rights for European Union citizens open.

Prime Minister Theresa May will use Wednesday's gathering in Salzburg, Austria, to make a direct pitch to fellow leaders to back her divisive Chequers proposals.

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