UK finance minister says government open to Brexit compromise with opposition

to end months of political crisis and allow Britain to leave the European Union smoothly after 46 years of membership.

MPs have rejected her agreement finalised with European leaders last November three times, delaying Britain’s original March 29 exit date and throwing the process into chaos. However with European leaders growing increasingly impatient at the paralysis in Westminster, they could offer just a shorter postponement — or a longer period of up to a year.Hammond, who backed Remain in Britain’s 2016 referendum and is seen as favouring as soft a Brexit as possible, urged his divided Conservative colleagues to show flexibility.

Labour is pushing May to accept a much closer post-Brexit alliance with the EU that includes participation in a customs union.The prime ministers has previously dismissed the idea because it bars Britain from striking its own trade deals with global giants such as China and the United States.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK finance minister optimistic over deal with Labour on BrexitTalks between the British government and the main opposition Labour party aimed at breaking the deadlock over Brexit continue, finance minister Philip Hammond said on Saturday, adding he expected to reach 'some form of agreement.'
Source: TimesLIVE - 🏆 28. / 59 Read more »

Business Maverick: U.K. Firms Least Likely to Invest in Eight Years as Brexit BitesInvestment intentions among U.K. firms slumped to the lowest in eight years, just one of the measures of economic health that weakened “considerably” amid recent Brexit turmoil, according to the British Chambers of Commerce.
Source: dailymaverick - 🏆 3. / 84 Read more »