EU strengthens pressure on UKStaff Writer | November 20, 2017
Britain will lose the benefits of the European single market and its financial sector will lose the "passporting" arrangements which allow them to operate in the remaining EU as a result of Brexit, Brussels' chief negotiator Michel Barnier said.
Europe The most ambitious free trade agreement
He warned that national parliaments in the remaining 27 states, as well as the European Parliament, could block any future trade deal if the UK indicated it was planning to move away from EU standards of regulation on issues like food safety, workplace protections and the environment.
With Theresa May and key Cabinet ministers due to meet later on Monday to discuss the UK's Brexit "divorce bill", Barnier said that it remained his priority to "settle the accounts accurately" before moving on to trade talks.
And, in a speech to the Centre for European Reform thinktank, he said it was for the UK to "come forward with proposals" for how to avoid a hard border between Northern Ireland and the Republic, raising the possibility that different rules could be applied in Northern Ireland and the mainland.
Barnier used May's old catchphrase "Brexit means Brexit" as he dismissed the "contradictions" of Leave supporters who argue that Britain can continue to enjoy some of the benefits of the single market while ditching its core principle of freedom of movement. ■