Published: Sat, November 03, 2018
Money | By Armando Alvarado

UK PM May’s office calls separate customs territory for N. Ireland ‘unacceptable’

UK PM May’s office calls separate customs territory for N. Ireland ‘unacceptable’

"Northern Ireland will be uniquely impacted by Brexit as it will be the only part of the United Kingdom with a land border with the European Union once the UK leaves in March 2019", he said.

Slack maintained the line that the governments seek a Brexit deal as soon as possible.

The European Commission said a future financial services agreement would only be discussed after a Brexit divorce deal has been finalised.

In a letter to a parliamentary scrutiny panel, he wrote: "I would be happy to give evidence to the committee when a deal is finalised, and now expect 21 November to be suitable".

The BoE said consumer spending performed better than it had expected but businesses were holding back on investment until there was clarity about Brexit.

Mr Coveney told RTÉ he met Mr Raab in London on Tuesday night.

Mrs May's divided cabinet could meet as early as Tuesday to thrash out the final wording, in a move that would facilitate a special meeting of European Union leaders on November 21 and 22.

The letter, released by the committee yesterday was dated October 24 and therefore does not reflect any breakthrough in the past few days.

Negotiations have so far been deadlocked on the question of a "backstop" arrangement to guarantee that there will be no hard border in Ireland.

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The DUP urged there be no additional barriers between Northern Ireland and the rest of the United Kingdom after Brexit.

'We have made it very clear that whether it's the customs regime for the United Kingdom as a whole, or the wider economic integrity of the United Kingdom as a whole, we will not allow any proposals to be accepted that would jeopardise that, and that is the crucial thing here.

"We need to act in a responsible way, in a way that recognizes the real jeopardy and damage that Brexit can and will do to our economy, potentially to our peace agreements", she said. We agree on the principle of a UK-wide customs backstop.

"If that happens I think it's possible to ensure we get a withdrawal agreement that can be sold on both sides of the Irish Sea".

Lord Trimble was the first man to occupy the post of First Minister of Northern Ireland and is a former leader of the Ulster Unionist Party (UUP), which was the main party in the Province representing voters who support the Union with Great Britain until its displacement by the more eurosceptic, working-class Democratic Unionist Party (DUP).

US stocks were in the green most of the day, picking up momentum after US President Donald Trump reported on Twitter after a discussion with Chinese President Xi Jinping that talks were "moving along nicely" over a trade fight that has upset investors.

Asked twice by the BBC whether it had ruled out any new regulatory checks at the Irish border, he said: 'We are engaged in a negotiation process.

"There is that shared commitment that we are not going to let political turbulence, which is a reality at the moment, deflect us from recognizing that we have so much in common and so much both to gain from continued close work together".

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