Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

UK's Truss says she is determined to deliver N. Ireland bill in full

Published 17/08/2022, 13:17
Updated 17/08/2022, 15:00
© Reuters. Conservative leadership candidate Liz Truss speaks at a hustings event, as part of the Conservative party leadership campaign, in Belfast, Northern Ireland, August 17, 2022. REUTERS/Clodagh Kilcoyne

BELFAST (Reuters) -Liz Truss, Britain's foreign minister and favourite to become prime minister next month, said on Wednesday she was determined to deliver the Northern Ireland Protocol bill in full, even if it faced time-consuming opposition in parliament.

The bill takes unilateral action -- effectively tearing up parts of the Brexit divorce deal -- to resolve a disagreement with the European Union over how to handle customs arrangements on goods travelling between Britain and Northern Ireland.

Truss acknowledged that the bill, which has faced strong criticism from political opponents in Britain and from the EU, would take time to pass through parliament's upper chamber, where the government does not have a majority.

With polls putting her far ahead of rival leadership rival Rishi Sunak, Truss is expected to be named prime minister on Sept. 5. But that seems unlikely to yield a significant change from current leader Boris Johnson when it comes to EU relations.

Truss on Tuesday accused the EU of a clear breach of the Brexit agreement, launching dispute resolution proceedings to try to gain access to the bloc's scientific research programmes.

Asked what guarantee she could offer that, if elected prime minister, she would not bow to those who oppose the planned legislation in the EU or in the United States, Truss said:

"I took on responsibility for negotiating the Northern Ireland protocol, and against a lot of advice in Whitehall and against the wishes of some of the people that you've mentioned - and I have been very clear with people like (U.S. House Speaker)Nancy Pelosi exactly what I think about this and exactly what we need to do - I have got on with delivering this."

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Rishi Sunak, the trailing candidate and a former finance minister, said there was not much disagreement between him and Truss on the need to pass the legislation but that if elected, he would "of course" see if a negotiated outcome could be reached with the EU instead.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.