Politicalite UK

Brexit

MAY Vs EU: Mrs May says she is open to a ‘NO DEAL’ if Brussels fails to agree on a trade deal with Britain

THERESA MAY has vowed to set out how the Britain could operate as an “independent trading nation” after Brexit, even if a NO DEAL is reached with Brussels.

She said the ball is in the EU’s court on breaking the deadlock over the so-called “divorce bill” – and claimed her Florence speech has moved the negotiations forward, even though MEPs rejected it.

She said the “implementation” period outlined in Florence could be extended, saying: “How long the period is should be determined simply by how long it will take to prepare and implement the new systems we need.

“As of today, these considerations point to an implementation period of around two years.” – So the Transitional period could last beyond two years.

When Boris Johnson published his article in The Telegraph he said a transition period should not last “a second more” than two years.

In her address to the House of Commons, Mrs May also released two papers unveiling proposals for a new trade and customs policy once Britain leaves the EU as the fifth round of discussions got underway in Brussels on Monday.

The PM said they “pave the way for legislation to allow the UK to operate as an independent trading nation”.

She told the House of Commons they will “create an innovative customs system that will help us achieve the greatest possible tariff and barrier-free trade as we leave the EU”.

And in a hardening of her rhetoric she added: “And while I believe it is profoundly in all our interests for the negotiations to succeed, it is also our responsibility as a government to prepare for every eventuality.”

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