CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. EU-UK Free Trade Deal Uncertain, Says UK Brexit Secretary

EU-UK Free Trade Deal Uncertain, Says UK Brexit Secretary

by Amanda Banks, Tax-News.com, London

26 June 2017


UK Brexit Secretary David Davis has said that he is not completely sure whether the country will secure a free trade agreement with the EU.

Speaking in a BBC television interview, Davis said that he "pretty sure" but not "100 percent" certain that a deal would be reached by the end of the two-year Brexit process.

But he added that his aim was to try to secure an FTA and maintain ties with the customs union.

In the first week of Brexit discussions, which began on June 19, Davis confirmed that the country would lose access to the single market and customs union upon leaving the European Union.

Davis said before the talks began that he is determined to reach a Brexit deal "that works for the whole of the UK."

The UK Government said in a press release that Davis is "confident that he can get a positive outcome and secure a new deep and special partnership with the EU."

It announced in a separate statement that Parliament would sit for two years instead of the usual one to give MPs enough time to fully consider the laws required to make Britain ready for Brexit.

Tax experts have previously said that the outcome of the UK's general election on June 8, with the Conservative Party failing to secure a parliamentary majority, could weaken the UK's negotiating position in Brexit talks.

The election had been called by the Conservative Party with the intention of consolidating its hold over UK politics. However, the opposition Labour Party did considerably better than expected, and the Conservative Party lost seats, despite gaining seats in Scotland.

The Conservative Party announced on June 26 that it will form a coalition government with Northern Ireland's Democratic Unionist Party.

TAGS: Ireland | law | United Kingdom | trade | Europe | Tax | Scotland

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »