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posted by cmn32480 on Sunday January 08 2017, @08:25PM   Printer-friendly
from the somebody-didn't-think-this-all-the-way-through dept.

At least one UK businessman is attaching a condition to his continued support of the ruling Conservative Party:

A major Tory donor has threatened to stop funding the party if Theresa May plans to remove the UK from the "critical" single market after Brexit. Sir Andrew Cook, who has given more than £1.2m to the party, told BBC Radio 4 that ending single market access was "chronic and dangerous" to the economy. The engineering firm chairman said at least one of his factories was almost "entirely dependent" on access to it.

Sir Andrew backed the Remain campaign in the EU referendum. "There are barriers to entry without the single market, there are tariffs," said Sir Andrew, who chairs William Cook, his family's firm which makes components for the rail, energy and defence industries. "One of my factories has 200 people employed making engineering parts that go to France, Germany and Italy," he told BBC Radio 4's Today programme.

Also at Reuters. Scotland's First Minister Nicola Sturgeon has offered to take a Scottish independence referendum off the table in exchange for a "soft Brexit" involving access to the single market.

The BBC reports that while the EU's presence in London is likely to shrink, organizations like the European Banking Authority (EBA) might stick around if the UK remains in the single market.

Finally, have you applied for your Irish passport yet?


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  • (Score: 2) by mojo chan on Monday January 09 2017, @10:09AM

    by mojo chan (266) on Monday January 09 2017, @10:09AM (#451396)

    The best outcome would be for the UK to leave the EU but remain in the single market, kind of like Norway. Get all the benefits but have no means of sabotaging the project any more.

    Unfortunately it looks like we are going to try to negotiate a hard Brexit, which is impossible. The timescale makes it impossible - 2 years as set out by Article 50, but realistically 18 months because the last six will be the practicalities of actually doing it. Not enough time to negotiate a good trading deal. In any case, EU member states will be looking to discourage others from leaving, or to improve their own situations by e.g. taking control of Gibraltar or wrecking UK financial services in order to build up Frankfurt and Paris.

    There is also the Le Penn factor. If she wins the UK will be given a bad deal to discourage the French from following. If she loses the UK will be given a bad deal to bury her movement once and for all.

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