EU Demanding Potential Veto on Britain's Post-Brexit Laws, Regulations

EU Demanding Potential Veto on Britain's Post-Brexit Laws, Regulations

He warned Britain against using the issue as a "bargaining chip" in stalled talks.

Calling on Britain to clarify its future state aid plans - which the bloc worries London might use to support United Kingdom firms that would then gain an unfair advantage in offering their products on the EU's cherished single market of 450 million people, Michel said: "It takes two to tango".

"Inside No 10, they now think there is only a 30 to 40 per cent chance that there will be an agreement", James Forsyth, political editor of The Spectator, wrote in a column. Back in October 2017 talks to sort out Northern Ireland, the financial settlement and citizens' rights were deadlocked and in the doldrums, but by December there was a deal. "The EU need to realise that what they're asking for is at odds with what the British people voted for, twice, and not something we could accept".

Both sides have played the blame game in recent days.

Ultimately, Rabobank noted, the talks will boil down to the "trade-off between regulatory autonomy and the ability to have deep global trading relationships".

After the summer brought no breakthroughs on the key outstanding issues - the level-playing field guarantees of fair competition, fisheries and dispute settling - the European Union has grown increasingly wary that an agreement may not come together in time for the bloc to be able to ratify it by year-end.

"We're ready for any eventuality", he told reporters.

"If there is no agreement everyone will see in four months a huge change", said Barnier, offering "good luck" to those Brexiteers who believe that a "no deal" scenario offers an economic opportunity to the UK.

Other government arms - including the Department for Environment, Food and Rural Affairs and the Department for Transport - requested third parties to sign non-disclosure agreements related to Brexit matters.

"We worked closely with industry in its development and will continue to do so as we move towards the end of the transition period".

Meanwhile, senior European Union trade officials continue to implore the U.K.to find a compromise in order to break the stalemate in the ongoing talks.

The EU has previously said a deal on the subject is a prerequisite for any wider trade deal with the U.K. This week, Michel Barnier, the EU's Brexit negotiator, said he is "worried" and "disappointed" by the current state of the talks, saying Britain will need to shift its position if it is to reach an agreement. The EU said it wants to review the rules first. "But if these serve to distort competition with us, then we have a problem", said Barnier.

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