Boris Johnson to promise farmers a 'better deal' after Brexit

Boris Johnson to promise farmers a 'better deal' after Brexit

Many EU diplomats say they believe an election in Britain is highly likely.

During a visit north of the border in Scotland, Boris Johnson said: "My approach is to be very outward going".

"If not for trade policy, we would not be using monetary policy in the way we are using it now", said Art Hogan, chief market strategist at National Securities in NY.

"The European Union has said up to now it's not willing to renegotiate that so we must assume there will be a no-deal Brexit on October" she said.

Helen Roberts of the National Sheep Association accused Johnson of playing "Russian roulette with the agriculture industry".

Welsh Secretary Alun Cairns said the government is committed to creating "opportunities for all communities in Wales".

The prime minister claimed farmers will be boosted through new trade deals and by leaving the EU's common agricultural policy.

The trip follows a visit Monday to Scotland, where Johnson was booed by protesters and warned by First Minister Nicola Sturgeon that his vow to take Britain out of the European Union on October 31, with or without a deal, was "dangerous".

"Sterling is moving due to local political developments - most importantly the idea that Prime Minister Johnson may not want to meet European leaders unless they change their position, which is a more hard line stance than the market would have expected as recently as a week ago", said Shahab Jalinoos, global head of foreign exchange strategy at Credit Suisse in NY.

Johnson, who took office last week, also plans to visit Northern Ireland, the only part of the U.K.to share a land border with the EU.

The backstop is a key piece of the Brexit deal dictating what will happen to the border between Northern Ireland and the Republic of Ireland.

Sterling fell 0.6% to $1.2151 as of 4:40 p.m.in London and weakened 0.6% to 91.74 pence per euro.

Many investors say a no-deal Brexit would send shock waves through the world economy, tip Britain's economy into a recession, roil financial markets and weaken London's position as the pre-eminent global financial center. "Boris Johnson's new cabinet did little to alleviate those fears, taking a hard line with Europe on forthcoming negotiations".

Prime Minister Boris Johnson promised on Tuesday to lead Britain out of the European Union on October 31 "no matter what" as sterling tumbled and Ireland warned that the bloc would not be renegotiating the thrice defeated divorce deal. Johnson is insisting the bloc make major changes to May's spurned deal, including scrapping an insurance policy for the Irish border that has been rejected by United Kingdom lawmakers.

"If they really can't do it then clearly we have to get ready for a no deal exit", Johnson said on a trip to Wales, adding: "It's up to the European Union, this is their call".

"It's up to the EU".

DUP MP Sammy Wilson has backed Mr Johnson's "hard-nosed negotiating stance" - a "contrast" from the position held by the EU-appeasing Theresa May government.

It said that so-called alternative arrangements, such as electronic border checks, could replace the backstop in the future but "thus far satisfactory options have yet to be identified and demonstrated".

A United Kingdom government spokesperson said that during the call both leaders had reiterated their commitment to work together in the spirit of the "warm and deep relationship" the two countries share. Downing St. said only that the two leaders "agreed to stay in contact".

Related Articles

  • Pakistani military aircraft crashes on training flight, 17 killed

    The military's information wing said the plane was on a routine training mission when the accident occurred. At least 17 people have died after a Pakistani military aircraft crashed into a village near Rawalpindi .
    Cafe Coffee Day founder VG Siddhartha goes missing near river in Mangaluru

    Cafe Coffee Day founder VG Siddhartha goes missing near river in Mangaluru

    In Bengaluru , Chief Minister BS Yediyurappa visited SM Krishna's residence and held discussion with the family members. The police officer said an intensive search had been launched for the businessman at the family's request.
    Arsenal downed by Dembele double as Lacazette suffers ankle injury

    Arsenal downed by Dembele double as Lacazette suffers ankle injury

    Saliba signed a long term contract with Arsenal and a transfer fee of around £27 million was splashed out to recruit his services. An 18-year-old AS Saint Etienne defender, Saliba was also announced an hour later of the other signing yesterday.
  • Lil Nas X Says He'll Send Mariah Flowers After This Milestone

    Lil Nas X Says He'll Send Mariah Flowers After This Milestone

    After holding the Billboard record for 24 years, pop diva Mariah Carey congratulated Lil Nas X for breaking her record with his crossover hit Old Town Road .

    Katy Perry copied Dark Horse from Christian rapper Flame

    Perry was not present in court when the jury returned with their decision on Monday, according to the Associated Press . Though she did not perform her song live at the trial, there was a full playing of each song during closing arguments.
    Caitlyn Jenner is proud of her Daughter, Kylie Jenner and her work

    Caitlyn Jenner is proud of her Daughter, Kylie Jenner and her work

    Many beauty gurus couldn't place an order on the day of launch, though now they are available easily. Caitlyn Jenner is letting the world know how "proud" she is of daughter Kylie .
  • Met Office warning of thunderstorms hitting Wales

    Met Office warning of thunderstorms hitting Wales

    Up to a month's worth of rain could fall in three hours today as Britain is hit by a series of thunderstorms. In Preston, Lancashire, fire crews were called to rescue two people from the River Ribble at 4pm on Sunday.
    Four bodies found in Markham, Ont., home; one man in custody

    Four bodies found in Markham, Ont., home; one man in custody

    Police say one person is in custody after four bodies were found in a home north of Toronto on Sunday afternoon. Riaz said she was last at the home on June 25 when Mumtaz invited her to the parents' 25th wedding anniversary.
    Israeli Arrow interceptor missile completed flight test in Alaska

    Israeli Arrow interceptor missile completed flight test in Alaska

    The U.S. military said last week that it had taken out two Iranian drones in the Strait of Hormuz, claims Tehran has denied.
  • RCMP searching for murder suspects in York Landing, Man.

    RCMP searching for murder suspects in York Landing, Man.

    Officers continue to search the area, he said on Sunday evening, but heavy winds are limiting the use of helicopters and drones. Locals say conditions are brutal and that the suspects, if on foot and unprepared, would have difficulty surviving for long.
    Two US servicemembers slain in combat in Afghanistan

    Two US servicemembers slain in combat in Afghanistan

    Reduce", Pompeo said Monday in Washington , adding with a smile, "It's not only my expectation. Pompeo said Trump had directed him to reduce USA troops before the 2020 presidential election.
    Cori Gauff continues remarkable rise at Washington Open

    Cori Gauff continues remarkable rise at Washington Open

    The 15-year-old American was the youngest player to qualify for Wimbledon earlier this summer. The main draw begins Monday and will run through August 4 at Rock Creek Park Tennis Center.