Sunday, 18 March 2018
Latest news
Main » European Union presses Britain to 'face up to hard facts' on Brexit

European Union presses Britain to 'face up to hard facts' on Brexit

13 March 2018

Speaking in Strasbourg this morning, ahead of a vote to formally adopt a set of negotiating guidelines for the next phase of Brexit, Juncker told MEPs that any future relationship must be durable and not require continual renegotiation.

The European Union's chief Brexit negotiator warned Britain Tuesday against undercutting EU rules and regulations that underpin anything from social protections to food security when it leaves the bloc.

"If you decide to jettison, leave behind, the common agreements and rules, then you have to accept that things can not remain as they are", Juncker added.

The EU two weeks ago suggested Northern Ireland should remain a member of the bloc's customs union and keep parts of the single market to prevent a return to a hard border with the rest of Ireland - unless the United Kingdom can come up with an acceptable alternative. But difficulties over the Irish border, as well as the UK's rejection of some rules proposed by the European Union, means a deal has yet to be struck.

Tata Sons to sell TCS stake worth $1.25 billion to pay debt
They were down 5.1%, headed for the biggest one-day decline in more than three years, at 1:13 Mumbai . Proceeds from the TCS stake sale may be used also to hike Tata Sons' holdings in other group companies.

The European Union wants the promise to act "in full mutual respect and good faith", according to the first revision of the bloc's draft Brexit treaty.

The suggestion that the Irish border is a European issue was heckled by one MEP, who shouted: "It is a British issue".

Ideally, Britain would stay in the customs union and single market, said the BDI, options the British government has rejected.

In her Mansion House speech on March 2, May said it was time to face the "hard facts" of Brexit.

Is American Idol making its grand return on TV?
After two years off the air, American Idol made its return on Sunday night, airing on ABC instead of its original network, Fox. There were also multiple heartwrenching backstories: 22-year-old Ron Bultongez talked about coping with his abusive father.

"We have to guarantee the integrity of the single market because citizens and companies have to be able to count on the same kind of rules for citizens and companies and cherry picking is not going to be possible".

"Do they also want to distance themselves from our regulatory model, the one that we have constructed together with you - and you with us - for 44 years?"

His European Parliament motion calls for an "association agreement" to deal with the future UK-EU relationship.

In Britain, the financial services sector is expected to take the biggest hit by far, incurring about one-third of the extra red tape costs.

SBI slashes monthly balance charges by 75 per cent
SBI reported a net loss of Rs 2,416 crore for the December quarter as it had to make provisions for rising bad loans. SBI now charges penalty from customers for non-maintenance of monthly average balance in savings accounts .

The European Parliament's Brexit coordinator Guy Verhofstadt said talks he held with May and her Brexit minister David Davis last week had left him confident London would "see the advantages of such an approach".

European Union presses Britain to 'face up to hard facts' on Brexit