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UK ready to walk away from Brexit trade talks over state aid demands

From cityam.com

The UK has said it will walk away from post-Brexit trade talks if Brussels does not drop its demand to align with EU state aid rules. UK Brexit negotiator Lord David Frost has told his counterpart Michel Barnier that the UK is not willing to compromise on this point as the potential of a no-deal exit draws closer.Brussels is demanding that the UK adopts EU rules that prevent the government from subsidising domestic companies at the detriment of Europe’s private sector. Brussels is also demanding that the UK aligns its regulations on other things like labour and environmental standards in what would be known as a ... (full story)

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  • Category: Fundamental Analysis