🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Johnson warns UK cannot become 'vassal state' of EU

Published 16/12/2017, 22:33
© Reuters. FILE PHOTO - British Foreign Secretary Boris Johnson takes part in a meeting with Japan's Defence Minister Itsunori Onodera and Foreign Minister Taro Kono at the National Maritime Museum in London

EDINBURGH (Reuters) - Britain must strike a strong trade deal with the European Union after Brexit and avoid becoming a subordinate state of the bloc, foreign minister and leading Brexiteer Boris Johnson has told the Sunday Times newspaper.

Failure to ditch EU law would make the United Kingdom a "vassal state," Johnson said in an interview to be published on Sunday. The government must aim to "maximise the benefits of Brexit" by getting divergence from the bloc's rules so that it could do "proper free trade deals" with other countries.

Prime Minister Theresa May this week secured an agreement with the EU to move Brexit talks on to trade and a transition pact. But she must now unite her deeply divided cabinet over what trade deal Britain actually wants.

Separately, in a measure of the difficulty May will face in bringing her side together, Chancellor Philip Hammond caused a stir amongst some Brexit supporters because he said that after Britain formally leaves the EU in March 2019, it will seek to replicate the current status quo in a transition period.

Former work and pensions minister Ian Duncan Smith criticised Hammond, as did other leading Brexit supporters, for making a statement which he said was "not government policy".

© Reuters. FILE PHOTO - British Foreign Secretary Boris Johnson takes part in a meeting with Japan's Defence Minister Itsunori Onodera and Foreign Minister Taro Kono at the National Maritime Museum in London

Johnson told the Sunday Times he would advance the case for a "liberal Brexit" in a new intervention in the debate this week in which he would play up the advantages of leaving the EU.

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.