Economic news

PM Sunak says Britain will not pursue trade ties that rely on EU alignment

2022.11.21 07:06



© Reuters. FILE PHOTO: Britain’s Prime Minister Rishi Sunak walks outside Number 10 Downing Street, in London, Britain, October 26, 2022. REUTERS/Hannah Mckay/File Photo

BIRMINGHAM, England (Reuters) -Britain will not pursue any trading relationship with the European Union that relies on the country aligning with the bloc’s laws, Prime Minister Rishi Sunak said on Monday after a newspaper reported his government was pursuing closer ties.

“On trade, let me be unequivocal about this: under my leadership, the United Kingdom will not pursue any relationship with Europe that relies on alignment with EU laws,” Sunak told a gathering of business leaders in answer to a question about Britain’s trade and migration relationship with Europe.

Sunak said Britain’s exit from the EU had helped bring more freedom on matters like migration and regulation and had secured “proper control” of the country’s borders.

“We need regulatory regimes that are fit for the future, that ensure that this country can be leaders in those industries that are going to create the jobs and the growth of the future. And having the regulatory freedom to do that is an important opportunity of Brexit,” he told the Confederation of British Industry’s annual conference.

The remarks came after Britain said on Sunday it had no plans to pursue a Swiss-style trade relationship with the EU after the Sunday Times newspaper reported that the government was looking into such plans.

Switzerland has access to the EU’s single market, but in return has to accept certain conditions on budget contributions and migration. Britain left the EU in 2020.

Eurosceptic lawmakers in Sunak’s governing Conservative Party warned him on Sunday against pursuing closer ties with the bloc.

“I believe in Brexit, and I know that Brexit can deliver and is already delivering enormous benefits and opportunities for the country, migration being an immediate one,” Sunak said.



Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 62,949.87 0.20%
ethereum
Ethereum (ETH) $ 2,584.21 1.17%
tether
Tether (USDT) $ 1.00 0.00%
bnb
BNB (BNB) $ 583.86 0.84%
solana
Solana (SOL) $ 146.69 0.39%
usd-coin
USDC (USDC) $ 1.00 0.04%
xrp
XRP (XRP) $ 0.594701 2.04%
staked-ether
Lido Staked Ether (STETH) $ 2,583.53 1.20%
dogecoin
Dogecoin (DOGE) $ 0.107885 2.39%
the-open-network
Toncoin (TON) $ 5.65 2.35%
tron
TRON (TRX) $ 0.151693 0.14%
cardano
Cardano (ADA) $ 0.352803 0.46%
avalanche-2
Avalanche (AVAX) $ 27.30 0.28%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,047.48 1.40%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 62,892.85 0.04%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 3.09%
weth
WETH (WETH) $ 2,583.73 1.14%
chainlink
Chainlink (LINK) $ 11.31 0.26%
bitcoin-cash
Bitcoin Cash (BCH) $ 341.19 1.67%
polkadot
Polkadot (DOT) $ 4.37 0.87%
dai
Dai (DAI) $ 1.00 0.03%
leo-token
LEO Token (LEO) $ 5.72 0.99%
litecoin
Litecoin (LTC) $ 67.16 2.47%
uniswap
Uniswap (UNI) $ 6.68 0.89%
near
NEAR Protocol (NEAR) $ 4.51 3.94%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,707.18 1.38%
kaspa
Kaspa (KAS) $ 0.166987 1.70%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.59 0.90%
aptos
Aptos (APT) $ 7.85 6.92%
internet-computer
Internet Computer (ICP) $ 8.34 0.03%
sui
Sui (SUI) $ 1.44 2.72%
pepe
Pepe (PEPE) $ 0.000008 0.97%
bittensor
Bittensor (TAO) $ 467.72 14.45%
monero
Monero (XMR) $ 175.29 1.40%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.07%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.401567 0.47%
stellar
Stellar (XLM) $ 0.096558 0.10%
ethereum-classic
Ethereum Classic (ETC) $ 19.00 0.75%
ethena-usde
Ethena USDe (USDE) $ 0.999377 0.01%
immutable-x
Immutable (IMX) $ 1.60 3.79%
blockstack
Stacks (STX) $ 1.71 1.79%
okb
OKB (OKB) $ 39.38 0.38%
aave
Aave (AAVE) $ 157.92 4.14%
crypto-com-chain
Cronos (CRO) $ 0.085333 0.69%
filecoin
Filecoin (FIL) $ 3.75 0.01%
render-token
Render (RENDER) $ 5.58 6.06%
arbitrum
Arbitrum (ARB) $ 0.598939 4.00%
mantle
Mantle (MNT) $ 0.634925 5.22%
injective-protocol
Injective (INJ) $ 21.12 1.36%
optimism
Optimism (OP) $ 1.72 3.33%