Barnier: the United Kingdom can change its mind on Brexit until 2020

Brexit news Ireland

The UK has until the end of 2020 to change its mind about leaving Europe's single market, the European Union's chief Brexit negotiator has said.

The UK will formally leave the EU on 29 March next year, but will remain in the bloc's single market and customs union for the 21-month transition period.

The UK will be out of the single market, out of the EU's freedom of movement rules, and setting its own regulations on immigration, she said at a news conference in Copenhagen.

Davis said Members of Parliament would insist on "a lot of detail" before signing off on any deal because Britain will have to make a payment of about 39 billion pounds ($55 billion) to the European Union to honor its financial obligations to the trade bloc.

Speaking to European reporters, Mr Barnier said: "If the British wish to modify their red lines, we will modify ours in effect".

Responding to Mr Barnier's remarks, Labour MP Chris Leslie, a supporter of the pro-EU Open Britain campaign, said: "These comments by Michel Barnier demonstrate yet again how ludicrous it was for the Government to take single market membership off the table in the Brexit negotiations".

BlackRock crushes earnings, sees its AUM climb to $6.32 trillion
Sentinel Tru Co Lba stated it has 12,832 shares or 0.08% of all its holdings. (NYSE: BLK ) earned "Buy" rating by Deutsche Bank. This comes in above the company's revenue of $3.09 billion that was reported in the same quarter of the previous year.

New York Giants 2018 preseason schedule announced
Today, the National Football League announced the dates and times for the two home preseason games and two games on the road. The Jets-Giants game, always with "braggin' rights" on the line, will be in an even bigger NY spotlight this August.

$1 Trillion Deficits To Return, National Debt To Rise, Projects CBO
But such a measure has little chance of passing and the effort will largely be about political messaging. Deficit hawks also predicted runaway inflation, but the growth in prices has been muted thus far.

Michel Barnier revealed Brussels would consider a reversal of the Government's commitment to quitting the single market even after Brexit.

It also suggests that the European Union wants the document sketching out the shape of the future relationship which will be agreed during the next phase of talks this year to be very, very open - not the detailed blueprint the British government seeks.

"The withdrawal agreement is payments of up to 39 billion pounds, it's a lot of money, and parliament is unlikely to sign off on it unless we can be pretty substantive about what is going to be there in the long run", Davis said at a Wall Street Journal event in London.

Recent remarks by Labour's Barry Gardiner, the UK's shadow trade secretary, where he appeared to underplay the importance of a soft border post Brexit - which is Labour's position - and suggested that the Government was focusing on the Border issue for economic reasons, have done little to allay concerns in the business community about their future once the United Kingdom leaves the EU.

Speaking in Dublin, Donald Tusk said the UK's departure from the EU was "one of the saddest moments in twenty-first century European history".

Related news:

Hot News

isis-killer-beheading-video-story-top Senators Urge Secretary of State Pick to Avoid Trump's 'Worst Instincts'
Apr 13, 2018 - 02:52
Unlike his predecessor, Pompeo has developed a reputation for having the president's ear, thanks to strong personal chemistry. Pompeo said he continues to believe gay people should not be allowed to get married.

isis-killer-beheading-video-story-top Yulia Skripal released from hospital after nerve agent attack
Apr 13, 2018 - 02:52
Russia's request for a new, joint investigation was voted down at the global chemical weapons watchdog at The Hague on 4 April. The Russian Embassy said in a statement that it was "high-energy" for a gathering between Mr.

isis-killer-beheading-video-story-top Scattered snow and wind tonight
Apr 13, 2018 - 02:52
Most Lake Tahoe ski resorts reported four to six inches of snow Wednesday, and Sierra-at-Tahoe had the most at eight inches. Temperatures will warm up into the 40s to around 50, and strong wind up to 40mph will gust throughout the state.

Ceremony in New City remembers lives lost in the Holocaust
Apr 13, 2018 - 02:51
These figures are especially concerning given the reported rise in hate group numbers , activity and confidence in recent years. We must ensure that the history of the Holocaust remains forever relevant and that no people suffer these tragedies ever again.

isis-killer-beheading-video-story-top Cynthia Nixon: Marijuana is "Effectively Legal" For White People
Apr 13, 2018 - 02:50
The article reminds us that Boehner was formerly opposed to legalization, though Weld, a moderate, has been a long-time supporter. Nixon is slated to challenge Cuomo in the Democratic primary on September 13.

isis-killer-beheading-video-story-top Tristan Thompson 'caught cheating' as Khloe Kardashian prepares to give birth
Apr 13, 2018 - 02:48
While the family have yet to make a public statement about Thompson's alleged affairs, they have all unfollowed him on Instagram. Thompson is seen in another TMZ video, meanwhile, entering a Manhattan hotel while accompanied by a woman that same night.

isis-killer-beheading-video-story-top Watchdog Confirms Skripals Poisoned, UK Says Kremlin Must Give Answers
Apr 13, 2018 - 02:47
She was recently discharged from Salisbury district hospital, where her father Sergei remains "seriously ill", she said. British Foreign Secretary Boris Johnson hailed the findings, and said "only Russia" could have been behind the attack.

Betting Notes for All 16 NBA Playoff Team with Title Odds
Apr 13, 2018 - 02:45
IN went a sensational 11-2 in games decided by three or fewer points; the 11 victories tied Boston for the most in that category. Not often is a No. 4 seed one of the teams to beat in the postseason, but the Cleveland Cavaliers are no ordinary No. 4 seed .

isis-killer-beheading-video-story-top Bears Don't Match Saints' Offer To Cameron Meredith
Apr 13, 2018 - 02:44
With Meredith expecting to play Week 1, it stands to reason he'll be ready to practice in training camp before that, too. He was expected to become one of the breakout receivers previous year before suffering his serious knee injury.

isis-killer-beheading-video-story-top Seattle Seahawks cancel workout with Colin Kaepernick
Apr 13, 2018 - 02:43
It has been reported that the NFL is crafting a new national anthem policy that likely would be implemented for the 2018 season. Kaepernick, who hasn't played since January 1, 2017, also has 2,300 career rushing yards and 13 touchdowns on the ground.

isis-killer-beheading-video-story-top John Boehner Gets into the Legal Weed Business
Apr 12, 2018 - 00:52
Acreage Holdings is a multi-state owner of cannabis licenses in states where medical or recreational use of the drug is allowed. The company cultivates, processes and distributes marijuana in the growing, billion-dollar industry, according to its site.

isis-killer-beheading-video-story-top Unnao rape: SIT visits victim's village, BJP MLA's wife seek narco test
Apr 12, 2018 - 00:51
While the postmortem report said the cause of death was blood poisoning due to perforation of colon, a part of the intestines. Meanwhile, Sengar's wife, who met UP DGP OP Singh in Lucknow on Wednesday, demanded a CBI probe into the matter.

isis-killer-beheading-video-story-top Israel Bombs Hamas Target, Responds to Cross-Border Attack
Apr 12, 2018 - 00:50
The spokesman said the bomb was planted at the barrier "under the coverage of clashes" over the past few weeks. It said the troops' behaviour does not reflect the army's values and they will be dealt with "accordingly".

isis-killer-beheading-video-story-top Iran, Syria to Develop Cooperation to Confront US, Israel
Apr 12, 2018 - 00:49
Amidror told reporters a US strike in Syria could be used by Iran as a smokescreen "to do something against Israel". Alexander Sherin, chairman of the State Duma Defense Committee, called Israel's action "evil and unfriendly".

isis-killer-beheading-video-story-top Facebook, Inc. (FB) Holdings Increased by Roble Belko & Company Inc
Apr 12, 2018 - 00:48
The social networking company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.24. Technical Analysis of Facebook, Inc .: Technical indicators do not lead us to assume the stock will see more gains anytime soon.