Saturday, 7 July 2018

Prime Minister Theresa May and cabinet agree new UK-EU free trade area



A new UK-EU free trade area for goods will be created under Brexit plans agreed by Theresa May and her ministers at Chequers.
 
However, after a day of crunch talks, the cabinet agreed to step up preparations for a "no-deal" Brexit.


The trade proposals mean the UK will have the same rules for all goods as it currently does as a member of the bloc.


However, the government wants the UK to be free to diverge from EU rules over services, one of the biggest drivers of the UK economy.


During a day of discussions at the prime minister's Buckinghamshire retreat, ministers accepted the new trade plan would reduce the levels of access available to European markets.





SKY       News.