All Press Releases for March 29, 2018

Harvey Blackwood - May Adopts Pragmatic Stance on Brexit

Harvey Blackwood - With only a year left before Britain leaves the European Union, May seems more willing to compromise on key issues.

    SHANGHAI, CHINA, March 29, 2018 /24-7PressRelease/ -- Prime Minister Theresa May has called for greater flexibility from the EU in discussions on a post Brexit relationship.

Analysts at Harvey Blackwood say that while Britain seems aware that it cannot get everything its way, it is still of the opinion that an ambitious trade deal is an option.

In a speech last week, May laid out plans for a custom trade deal that would incorporate financial services.

Disproving a view that the UK could walk away from the Brexit negotiations, May called on the EU to work together to tackle some of the more complex issues, including that of Ireland and its border after Brexit.

Harvey Blackwood analysts believe that by suggesting that the UK bends to certain EU regulations and agreeing that the European Court of Justice plays an ongoing role in British law, May runs the risk of alienating some Brexit campaigners who are concerned that she is too willing to compromise.

In her speech, May stated that neither parties could aim to have exactly what they desired and that a new balance must be sought.

May added that it was time to be realistic with people about what was possible with just a year left before Britain leaves the European Union in March next year.

The European Union's top Brexit negotiator, Michel Barnier, applauded the clarity promised by May as well as her acknowledgement that the UK will need to make certain compromises. Harvey Blackwood analysts say big business also welcomed May's sentiments and that she was even supported by some Brexit campaigners for her practical stance.

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