We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights.
No deal Brexit could be reached in just six weeks in the next phase of the UK’s withdrawal from the EU after negotiations ended badly this week. The bloc is fighting for the UK to continue following their rules and regulations which doesn’t make sense to Lord Mervyn King. He explained people voted to leave the EU to stop following their regulations as he went on to note that there isn’t an easy wait out of these negotiations.
Speaking to LBC, Lord Mervyn said: “One of the reasons for leaving the EU would be that the UK would then decide it’s own regulations that would apply to our economy.
“The European Union is arguing that even though we will leave the EU, we should still follow their rules and regulations in order to have a free trade agreement.
“That is unprecedented. There is no real parallel for that.
“I think the arguments put up by the EU don’t make a great deal of sense.
“At some point, I can’t see any way in which we reconcile the views about whether we should adopt rules and regulations from the EU or go our own way and that will have to be resolved.
“Once that is resolved, once one side or the other has decided that it’s going to give in a little then it should be relatively straightforward to get an agreement on a free trade deal.
“But I can’t see at this stage that it’s going to be easy to find a way out of the current empasse is these two positions.”
Host Andrew Castle added: “So, we’ve got six weeks to go until no deal is the default position and one we’ll find ourselves in.”
The UK and Brussels appeared far apart on agreeing a future trade arrangement after the UK’s chief negotiator said “very little” progress had been made in the latest round of talks.
David Frost insisted the major obstacle to agreement was the EU’s insistence on including a set of “novel and unbalanced proposals” regarding a level playing field on standards.
Mr Frost also said it is “hard to understand why the EU insists on an ideological approach” to negotiations on fishing rights.
The EU’s chief negotiator Michel Barnier insisted that the UK could “not have the best of both worlds” in a deal as he said the talks failed to produce any progress on the more difficult subjects.
Brexiteer MP accuses EU of dragging out trade talks to ‘wear UK down’ [INSIGHT]
Brussel’s masterplan to ‘complete monetary union’ revealed [INTERVIEW]
SAS veteran’s simple Brexit message as Brussels’ cracks show [COMMENT]
Following the conclusion of the third negotiating round, Mr Frost said: “I regret however that we made very little progress towards agreement on the most significant outstanding issues between us.
“It is very clear that a standard Comprehensive Free Trade Agreement, with other key agreements on issues like law enforcement, civil nuclear, and aviation alongside, all in line with the Political Declaration, could be agreed without major difficulties in the time available.
“The major obstacle to this is the EU’s insistence on including a set of novel and unbalanced proposals on the so-called ‘level playing field’ which would bind this country to EU law or standards, or determine our domestic legal regimes, in a way that is unprecedented in Free Trade Agreements and not envisaged in the Political Declaration.
“As soon as the EU recognises that we will not conclude an agreement on that basis, we will be able to make progress.”
Source: Read Full Article