Thu, 11 August 2022

Newsletter sign-up

Subscribe now
The House Live All
Culture
Brexit
Brexit
Brexit
Brexit
Press releases

Theresa May 'preparing for third big Brexit speech' to set out trade aims

Theresa May 'preparing for third big Brexit speech' to set out trade aims

John Ashmore

2 min read

Theresa May is reportedly preparing for a third major speech on Brexit to set out her aims for a future trade deal with the EU.


The Prime Minister will invite further contributions from ministerial colleagues after chairing her 'Brexit War Cabinet' of senior ministers yesterday. 

According to The Times, Downing St is moving towards drafting a third speech to bind the Cabinet to a collective position on the trade talks. 

At yesterday's meeting Brexiteers Boris Johnson and Michael Gove apparently made the case for a presumption that British and European rules would diverge after Brexit.

However Home Secretary Amber Rudd is understood to have argued that the Government should weigh up the benefits of divergence in each sector before deciding. 

Meanwhile a minister who attended the meeting said Chancellor Philip Hammond - who has faced criticism for being pessimistic over Brexit - was "notably upbeat about the range of scenarios that would work".

And another senior Brexit-backer told the paper there was little support for a swift uncoupling from EU rules.

“I think this has to be a gradual process that is extensively debated in parliament in the years ahead. I don’t think many of us favour a big bang approach," they said.

On the prospects of another speech to follow the Lancaster House and Florence addresses, an ally of the Prime Minister said: "It’s not finalised yet but we’re moving in that direction."

Elsewhere the EU's chief negotiator, Michel Barnier, has made clear there will not be a bespoke deal on offer for the City of London.

"There is not a single trade agreement that is open to financial services. It doesn’t exist," the Frenchman told the Guardian.

PoliticsHome Newsletters

PoliticsHome provides the most comprehensive coverage of UK politics anywhere on the web, offering high quality original reporting and analysis: Subscribe

Categories

Brexit
Podcast
Engineering a Better World

The Engineering a Better World podcast series from The House magazine and the IET is back for series two! New host Jonn Elledge discusses with parliamentarians and industry experts how technology and engineering can provide policy solutions to our changing world.

NEW SERIES - Listen now