The British proposal for a decision of the customs problems with Ireland after Brexit “raises more questions than answers,” said the negotiator from the European Union, Michel Barnier.
The next day after the Prime Minister, Theresa may, announced that it will be able to keep the whole of the United Kingdom in the customs area of the EU for an additional year after the British exit from the EU in March 2019, Barnier rejected the offer on terms.
He also made it clear that will not allow London used offer special access to the EU market for products from Northern Ireland to provide similar conditions for all British goods.
“It’s nice to see that the UK is working with us, putting forward such a proposal,” said Barnier at a press conference. But he later added: “I find it raises more questions than answers”.
Both sides want to conclude a deal by October to avoid the barriers on the border with Ireland, which could trigger a new conflict in the North.
How to write “News.Economy”, earlier it was reported that the United Kingdom can provide Northern Ireland joint membership status of the UK and EU that the country could freely trade with both, trying to break the deadlock in the negotiations on Brexit.
The idea is to create a 16-kilometer long shopping buffer zone along the border for local merchants, such as dairy farmers, after the withdrawal of Britain from the bloc, said an Agency source in diplomatic circles.
This plan is one of several under discussion, but it may not offer the European side, the official said.
The inspiration for the system of dual control was taken by the example of Liechtenstein, which can work simultaneously in Switzerland and in the European economic area.
Wage growth in Britain slowed unexpectedly
The British economy continued to create jobs at a healthy pace over the three months to the end of April, but at the same time suddenly slowed down wage growth, reports Bloomberg.
The employment rate reached a record level in 75.6% after the economy added 146 thousand jobs, which is more than the increase of 120 thousand that economists had forecast. The unemployment rate was 4.2%, the lowest rate since 1975.
However, an unexpected slowdown in wage growth may indicate that the economy remains unrealized potential. Wage growth, excluding bonuses, slowed to 2.8% in the period from February to April, reported the office for National statistics (ONS).
For politicians, the Bank of England the question is how quickly the economy uses all its potential. Rates at the August rise in interest rates fell Monday after manufacturing and construction failed to recover in April, as predicted earlier.
Businesses have spoken in favour of EU rules in Britain
The European business Federation BusinessEurope urged the British authorities to preserve as much of the rules of the EU after Brexit, to limit the breaks in trade and supply chains, Reuters reports.
Negotiators meet ahead of EU summit on 28-29 June, in order to make progress in determining what kind of relationship should replace Britain’s EU membership after the country’s withdrawal from the bloc in March next year and after the transition period with status quo will end in 2020
“Alignment of regulation between the EU and the UK is of paramount importance for the preservation of the value chains and avoid non-tariff barriers to trade. Cooperation in the field of regulation is of paramount importance,” said the group, which includes the CBI, in the preparation of the new report.
Calling for a speedy agreement between the two sides to avoid the uncertainty and risk of disruption, when the UK simply return to the rules of global trade, BusinessEurope also called for simplifying customs procedures.
The group stated that small firms with little experience in trade outside the EU single market, need special assistance from the authorities to cope with the changes.
“No free trade agreement to date, no closer to addressing issues of regulatory divergence, and it would be a problem for both sides,” said the group.
The negotiations aims to ensure that at the end of this year, was prepared a broad plan, and a detailed agreement about how to work the country out of the EU.
As Prime Minister of the United Kingdom Theresa may is arguing with his Ministers about how far the country can get away from customs rules and standards of the EU negotiators of the European Union calls on the London to clarify what the government would consider the preferred way forward.
