9/21/2018, 3:09 PM (Source: TeleTrader)
more TeleTrader news

May: EU proposal can work only if N. Ireland agrees

"No deal is better than a bad deal," British Prime Minister Theresa May repeated on Friday. Speaking live from Downing Street 10 after the European Union rejected her cabinet's Chequers platform about the withdrawal from the bloc, she said that if Northern Ireland remains in the customs union and parts of the single market, it would mean "breaking up" the United Kingdom. May asserted keeping the country's integrity is essential and stated any plan must be agreed by the Northern Ireland's executive and its lawmakers.

The UK will prepare "an alternative" but the administration in Brussels must reveal "what the real issues are," according to the prime minister, who said it would be "a fundamental mistake" if the EU thinks she would accept a basic trade agreement with any form of customs border with Northern Ireland.

The other EU's proposal is to stay in the European Economic Area and customs union, meaning Britain would have to respect all of its rules including "uncontrolled immigration" and that it couldn't sign trade deals, she said. That would be a "mockery" of the Brexit referendum result, the prime minister concluded.

Breaking the News / IT