Wednesday, 12 December, 2018

Hammond to tell Europe Brexit deal is in 'your interest'

PAOn Friday the PM outlined plans for the future EU-UK relationship & vowed to leave the customs union PAOn Friday the PM outlined plans for the future EU-UK relationship & vowed to leave the customs union
Ben Pena | 07 March, 2018, 19:58

According to Brexit negotiation guidelines from the European Council, the stance of the EU is not favoring the current position of the UK Prime Minister.

The document - which the European Commission published this afternoon after it was leaked to publications including Business Insider - states that only a basic free trade agreement is available to the United Kingdom as long as Prime Minister May's government sticks to its current red lines of leaving the single market and customs union.

The document must be signed off by European Union leaders before trade talks can start.

Mr Tusk said: "The UK will be our closest neighbour and we want to remain friends and partners after Brexit - partners that are as close as possible, just like we have said from the very first day after the referendum".

The draft European Union guidelines, which will be worked on by European Union diplomats to be approved by the bloc's 27 national leaders in late March, say services will indeed be part of the deal, but spell out clear limits of what can be on offer.

Philip Hammond called on Wednesday for a "unique" Brexit agreement which includes financial service, just hours after European Union negotiators rejected the possibility of such a deal.

Crucially, the bloc said Britain would be treated like any other third country when it came to financial services - which London had pressed to be included in a future free-trade deal.

"Such an agreement can not offer the same benefits as Membership and can not amount to participation in the Single Market or parts thereof", the text read.

Bugatti Chiron Sport makes Geneva Motor Show debut
The Chiron Sport will cost €2.65 million net (roughly £2,361,600), compared to €2.5 million (£2,227,955) for the standard Chiron . But Bugatti president Stephan Winkelmann says the more honed nature of the Sport won't damage the Chiron's useability.

The UK Chancellor of the Exchequer will challenge claims that financial services can not be part of a future free trade agreement with the European Union, building on Prime Minister Theresa May's Brexit vision set out last week.

The EU's chief Brexit negotiator, Michel Barnier, has argued that such a deal had never been done before.

May used her speech last week to call for an EU-UK deal that worked "more fully than any free trade agreement anywhere in the world today", while acknowledging it was time to face "hard facts" about the economic consequences of Britain's shock 2016 vote to leave.

The EU guidelines added that "there can be no "cherry-picking" - Brussels jargon for getting free access in certain sectors including financial services without the obligations and costs of membership, including respecting freedom of movement of people from EU countries.

"So I am clear not only that it is possible to include financial services within a trade deal, but that it is very much in our mutual interest to do so". Similar restrictions would arise on European Union financial services sold to Britain.

May has refused to accept the EU's draft withdrawal agreement as it suggests Northern Ireland may need to effectively stay in the customs union and single market. "In this context, existing reciprocal access to fishing waters and resources should be maintained".

It says a "deep and comprehensive" trade deal, of the kind envisioned by Theresa May, must entail "a binding interpretation role" for the European Court of Justice. It added that "there can be no "cherry picking" through participation based on a sector-by-sector approach".

In a dark assessment of the future talks, Tusk said Brexit will not make trade "frictionless or smoother".

Recommended

Kentucky sees decrease in ER visits related to opioid overdoses Kentucky sees decrease in ER visits related to opioid overdoses In the Northeast, opioid overdose emergency room visits rose by 105 percent in DE and 81 percent in Pennsylvania. But some states, such as Massachusetts, New Hampshire and Rhode Island showed a slight decrease .

Take a seat GitHub: Service provider suffers record 1.7Tbps DDoS attack Take a seat GitHub: Service provider suffers record 1.7Tbps DDoS attack It involves turning small requests into larger amplified responses. Dealing with the new memcached DDoS threat is not a trivial task.

Hyderabad man chops off son's hand angered over teen's phone addiction Hyderabad man chops off son's hand angered over teen's phone addiction A child's addiction to watching pornographic films on his smart phone triggered his father to chop off his right-hand. Police explained in a statement: 'On Monday morning, both father and son quarrelled [over pornography] again.

Tariffs Will Be Done 'In a Loving, Loving Way' Tariffs Will Be Done 'In a Loving, Loving Way' And we can't lose our aluminum industry. "I don't blame the countries, I blame our leadership to allow it to happen". Trump downplayed the risks of a trade war on Tuesday, and said his proposals wouldn't be draconian.

Xiaomi launches Mi LED Smart TV 4A in India Xiaomi launches Mi LED Smart TV 4A in India It makes use of a 1.5GHz quad-core Amlogic 962-SX Cortex-A53 processor teamed up with 1GB RAM and 8GB internal storage space. Following the Mi LED Smart TV 4 , Xiaomi has launched the Mi LED Smart TV 4A in India in two sizes, 43-inch and 32-inch.

Jimmy Kimmel calls Donald Trump 'lowest rated President' Jimmy Kimmel calls Donald Trump 'lowest rated President' Then the coup de grace: "I really think he'd love the best picture victor , The Shape of Water ". The Oscars telecast on Sunday night was in fact the lowest-rated in the show's history .

South African triathlete has legs mutilated by chainsaw weilding attackers South African triathlete has legs mutilated by chainsaw weilding attackers The motive for the attack was not immediately known. "What the damage is to his legs we don't know yet". He posted: "A friend of mine, cycling in the Durban area was robbed by three people this morning".

Microsoft Confirms Windows 10 S Becomes '10S Mode' in 2019 Microsoft Confirms Windows 10 S Becomes '10S Mode' in 2019 He sees the new mode as a way of removing the hassle and guaranteeing the performance of Windows 10 for education or business use. As always, Microsoft is likely to test these new features with Windows Insiders soon before rolling it out to everyone else.

BJP to form govt in Meghalaya, Conrad Sangma to be new CM BJP to form govt in Meghalaya, Conrad Sangma to be new CM He also applauded the hard work and dedication of BJP workers of Tripura unit which has made this historic win a reality. The Congress emerged as the single largest party with 21 seats in Meghalaya but drew a blank in Nagaland and Tripura.

Icahn Sold Down Stake in Steel-Linked Investment Before Trump Tariffs Icahn Sold Down Stake in Steel-Linked Investment Before Trump Tariffs Trump's share of the casino, about 50 percent, was a generous one, but Icahn articulated that investors could still boot Trump. After the trades, Icahn owned 4.85 percent of the company, down from his previous stake of 7.5 percent.

Troopers hurt; police blame drivers - one distracted, one drunk Troopers hurt; police blame drivers - one distracted, one drunk Patnaude said if the tow truck wasn't there, some of the men might have been hit again by the suspect's out-of-control vehicle. Trooper Karow was thrown approximately 70 feet into the median, and Swartz was thrown and trapped underneath the tow truck.

'Sex and the City' Star Cynthia Nixon Eyes NY Governor's Race 'Sex and the City' Star Cynthia Nixon Eyes NY Governor's Race Cuomo retains a strong loyalty to the Democrats but there is a section of liberal activists fighting against him simultaneously. While Nixon did not comment on the matter at the time , associates said she was considering the job, according to the WSJ .

Andre Ayew urges Swansea City to build on West Ham United win Andre Ayew urges Swansea City to build on West Ham United win West Ham - who have 30 points from 29 games - are only above Crystal Palace and West Brom in the Premier League form table. This was the best performance since I took charge". "I can't believe how many fans turned up, to be honest".

British firms hope to benefit from Saudi Crown Prince visit British firms hope to benefit from Saudi Crown Prince visit Saudi Arabia and Egypt established a joint fund worth 10 billion United States dollars to build a megalopolis in southern Sinai. Britain's Queen Elizabeth II with Saudi Arabia's King Salman in London 28 June 2000.

Photos from Geneva car show: futuristic, funky and flying Photos from Geneva car show: futuristic, funky and flying As pr the engineers from Tata, there have been enough changes made to the underbody, to make it suitable for an EV. The interior is finished in beige leather upholstery with wooden trim pieces on the dashboard and door panels.