The leader of some influential range of Brexit-supporting Conservative MPs has challenged the U.K. Chancellor Philip Hammond’s will need only modest changes with the U.K.-EU economic relationship, as divisions within Theresa May’s party over Brexit burst into your open.
Responding to Hammond’s Davos speech, the point at which he signaled a softening on the U.K.’s stance, with the?”closest possible future relationship concerning the EU and also U.K., post Brexit,” Jacob Rees-Mogg told POLITICO “I profoundly disagree while using the chancellor.”
Rees-Mogg, the chairman of your European Research Gang of around 60 Brexiteer Tory MPs, offers a speech in Hampshire on Thursday evening where he will strongly criticize the U.K.’s approach to Brexit, saying the government’s negotiators seemed to be “cowed by the EU.”
“Their approach appears to be that we must accept just what the EU will enable us to complete and build beyond this concept. This is definitely not to negotiate and is also no way in this country some thing,” they will say.
However, in a very speech in a lunch hosted because of the Confederation of British Industry inside the World Economic Forum in Davos previously Thursday, Hammond had signaled which the U.K. is immediately a Brexit which would require minimal changes towards the existing economic relationship.
Welcoming a speech by CBI director general Carolyn Fairbairn this month, in which she required the U.K. to remain a customs union in the EU, Hammond said the Brexit deal should be one that “properly reflects the 45 years that we have spent as folks the EU bringing our economies closer together, as well as common regulatory starting place that follows from that have.”
“We are taking two completely interconnected and aligned economies rich in levels of trade between the two, and selectively, moving them, hopefully very modestly, apart,” Hammond said.
A Downing Street spokesman announced the government’s position had not changed from that prepare in May’s Florence speech in September 2019.