Published: Tue, March 13, 2018
Global | By Marsha Munoz

United Kingdom will come to 'regret' Brexit decision, Juncker says

United Kingdom will come to 'regret' Brexit decision, Juncker says

"Does Britain also want to leave that model and go toward regulatory competition - call it dumping - against us", he asked legislators at the European Parliament in Strasbourg France.

Michel Barnier said any attempt by Britain to gain a competitive edge through the use of what is termed "dumping" would jeopardize hopes the country has for a smooth and orderly withdrawal from the EU.

He added that as Ukip was the party to deliver and win the Leave vote, its position over the Brexit negotiations of "no surrender" should be the one pursued by the British Government.

The draft resolution, prepared by the European Parliament's Brexit Steering Group and approved by the Conference of Presidents (President and political group leaders) on 7 March, suggests that an EU-UK association agreement could provide an appropriate framework for the future relationship.

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"We have to guarantee the integrity of the single market because citizens and companies have to be able to count on the same kind of rules for citizens and companies and cherry picking is not going to be possible".

Germany's BDI industry body wants the European Union to agree a customs union with Britain to limit the impact on trade after it leaves the European Union, its managing director told the Frankfurter Allgemeine Zeitung newspaper.

Mr Juncker said the controversial Brussels legal text demanding full regulatory alignment between Northern Ireland and the European Union "should not come as a surprise" to the UK. If you made a decision to jettison, leave behind, the common agreements and rules then you have to accept that things can not remain what they are ...

When one MEP shouted "it is a British issue", Mr Juncker shot back: 'It is all for one and one for all, that is what it means to be part of this union'.

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He added that the commission needed "to receive concrete proposals from the United Kingdom first".

European Union leaders have been pressing British Prime Minister Theresa May to clarify what she wants before they agree their position on the future economic partnership at a summit later this month.

In Britain, the financial services sector is expected to take the biggest hit by far, incurring about one-third of the extra red tape costs.

"Ms May, we did not vote for a transition period, we voted to leave this organisation, we voted to leave the customs union, we voted to leave the single market", he said.

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