Published

EU Rules Out Single-Market Access for U.K.

The European Union’s leadership says the U.K., which has voted to leave the bloc, cannot expect continued access to the region as a single market—unless it accepts the EU’s rules on free movement among its 27 members.
#legal #labor

Share

The European Union’s leadership says the U.K., which has voted to leave the bloc, cannot expect continued access to the region as a single market—unless it accepts the EU’s rules on free movement among its 27 members.

Carmakers with operations in England have urged the U.K. to negotiate single-market access. Without it, they say, they may eventually relocate production to EU member states to avoid import tariffs.

EU President Donald Tusk tells reporters the bloc’s leadership flatly refuses to provide the U.K. with single-market access on an a la carte basis. He says EU leaders plan to meet (without the U.K.) in Bratislava, Slovakia, on Sept. 16 to further discuss the impact of the British exit.

The EU is urging the U.K. to find a new leader quickly to avoid prolonged uncertainty. Prime Minister David Cameron, who favored remaining in the EU, resigned after the June 23 vote to leave. Under EU rules, Britain must formally trigger a two-year withdrawal process. Cameron says that step should be taken by his successor.

RELATED CONTENT

Gardner Business Media - Strategic Business Solutions