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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 tonyPick on Monday January 09 2017, @02:38PM

    by tonyPick (1237) on Monday January 09 2017, @02:38PM (#451459) Homepage Journal

    Minor point - the EU technically refers to the four freedoms (goods, people, services and capital).

    Otherwise everything you've said is correct - the UK's fundamental problem now is that the leave campaign means it's politically unacceptable for the government to accept free movement of people but it's also economic suicide for the UK to lose the other three, and there's simply no way around that or enough time to get an alternative deal that isn't economically punishing in the two year time frame.

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