UK: Its all about Brexit – Danske Bank

On Brexit, Prime Minister Theresa May yesterday gathered her top ministers for an eight hour session to get them to back her Brexit strategy, points out Chief Analyst, Jakob Christensen at Danske Bank.

Key Quotes

“One of the key elements that appears to be on the table from the UK side is a “three basket approach”, which would allow the UK to apply varying degrees of EU rules. The European Commission yesterday pre-empted the outcome of Theresa May’s meeting by saying that such plan would be the same as a ‘cherry picking’ approach that the EU wants to avoid to preserve the integrity of the EU single market.. Theresa May is due to deliver a speech next week on how she sees the future trading relationship between the UK and EU post-Brexit. Trade talks with the EU are due to begin next month, which are set to be challenging.”