Markets

Brexit-backer Fox offers argument for keeping UK in customs union

Brexit-backer Fox offers argument for keeping UK in customs union

After a small flutter in the dovecote of Theresa May's cabinet over the weekend, Downing Street on Monday restated her unequivocal commitment to leaving the customs union after Brexit. I can't remember how many times I watched politicians stand up and laud the possibilities of an independent British trade policy after Brexit during the referendum campaign, but it was a lot.

His comments come as Theresa May has ruled out membership of the customs union and single market.

Some Remainers are relaxed about this, because they see it as a way of half-staying in the EU.

Brexiteers fear the parliamentary arithmetic, combined with Brussels's rejection of Britain's customs proposals and the need to show how a hard border can be avoided, will push the prime minister into seeking some kind of customs union with the EU.

Mrs May insists the United Kingdom would be unable to negotiate free trade deals around the world if the United Kingdom signed up to a customs union deal with the EU.

The UK government's defeat will now be considered in the Commons, where MPs may overturn it.

Those plans included two options, either a "customs partnership" effectively collecting duties for Brussels for goods arriving in the United Kingdom but intended for European Union markets or a "highly streamlined" arrangement making use of technology and regulatory co-operation. Parliament is set to hold a non-binding vote on the customs union on Thursday.




Supporters of the customs union say it would help to keep an open border between Ireland and Northern Ireland.

Although that vote would be a symbolic and non-binding, it has the potential to deepen Tory wounds on Brexit.

"Coming out of the customs union means that we will be free to have those deals, deals that suit the UK".

"But I also recognise the importance to businesses like this of being able to have as frictionless a border as possible into the European Union".

Ministers have argued that the move is unnecessary because United Kingdom citizens will automatically receive those protections when Britain leaves the EU.

Theresa May suffered another Brexit defeat last night as peers voted to keep the EU's human rights rules after the United Kingdom leaves the bloc.

Conservative peer, Lord Keen of Elie, said retaining the Charter would be "the greatest constitutional outrage since 1689".


  • Kim Kardashian Posts Her Naked Body To Promote New Perfume

    Kim Kardashian Posts Her Naked Body To Promote New Perfume

    It seems as though Kim is trying to cause a Twitter frenzy before she officially drops her new scent - and it's working. She captioned a previous Instagram post: 'I don't think you really understand how hard it is to take a good family pic.

    Nvidia (NASDAQ:NVDA) EVP Debora Shoquist Sells 32049 Shares

    The computer hardware maker reported $1.72 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.16 by $0.56. Total analysts of 21 have positions in Nvidia ( NASDAQ : NVDA ) as follows: 14 rated it a "Buy", 0 with "Sell" and 7 with "Hold".
    Stan Lee sued by massage therapist for alleged sexual misconduct

    Stan Lee sued by massage therapist for alleged sexual misconduct

    This is not the first time Lee has been accused of sexually inappropriate behavior. Lee allegedly got her foot and started rubbing his private part with it.
  • Dismissing notice for impeaching CJI not hasty: Venkaiah Naidu

    Dismissing notice for impeaching CJI not hasty: Venkaiah Naidu

    Assumptions, innuendoes, conjecture and unsubstantiated charges can not become the basis for impeaching Chief Justice of the highest court of the land.
    Xbox Is Getting Discord Integration

    Xbox Is Getting Discord Integration

    After you enable the appropriate permissions your accounts will then be linked. In other words, Discord voice chat and Xbox Live party chat won't be connected.
    Jewish groups call Corbyn anti-Semitism meeting 'disappointing'

    Jewish groups call Corbyn anti-Semitism meeting 'disappointing'

    "If I saw anti-Semitism in the Labour Party I'd be the first person to say it was absolutely atrocious", she said. Additionally, they have urged the Labour Party to speed up disciplinaryproceedings related to such offenses.
  • Facebook says GDPR means 'new privacy experiences for everyone'

    Facebook says GDPR means 'new privacy experiences for everyone'

    The regulation states that anyone collecting personal data must be responsible and accountable for all that information. One way to look at it is to separate personal data from other company data, and store them on separate databases.

    The Case for and Against Tesla, Inc. (TSLA)

    Following the completion of the sale, the director now owns 150,208 shares of the company's stock, valued at $45,062,400. Vigilant Cap Management Limited Liability invested 0.11% in Microsoft Corporation ( NASDAQ :MSFT). ( NASDAQ : TSLA ).
    Dog helps save girl lost in bush

    Dog helps save girl lost in bush

    Aurora was reported missing around 3 pm on Friday after she wandered off on her own, ABC.net.au reported . The little girl was reunited unharmed with her family some 15 hours later.
  • 'Salah was always special' - Bradley reflects on Liverpool star's progress

    'Salah was always special' - Bradley reflects on Liverpool star's progress

    In short, and with due respect to David Silva, that ageless genius, De Bruyne is the best player on the best team in the country. I didn't have my (chance) in Chelsea so it was clear in my mind I would come back and show everyone my focus.
    Quentin Tarantino and Leonardo DiCaprio tease Once Upon a Time in Hollywood

    Quentin Tarantino and Leonardo DiCaprio tease Once Upon a Time in Hollywood

    DiCaprio, who plays an ageing, out-of-work actor in the film, added he is pumped up to collaborate with Pitt. Margot Robbie , meanwhile, is being eyed for the role of Tate.
    French police grill tycoon Bollore over Africa graft allegations

    French police grill tycoon Bollore over Africa graft allegations

    Bollore's offices in Puteaux, France, were searched two years ago as part of the investigation, Le Monde reported at the time. After their victories, the two presidents, who are still in power, allegedly handed port concessions to Mr Bolloré's group.