The Minister of Finance of Britain: “Brexit” without the deal will deprive London of the impact on the trade policy of the EU

LONDON – The UK’s exit from the European Union without a cooperation agreement will significantly limit London’s influence on the trade policy pursued by Brussels. This opinion was expressed by the head of the British Ministry of Finance Philip Hammond, informs on Sunday the Press Association.

Despite the fact that the preparation for Brexit British authorities has spent more than £4 billion ($5 billion), according to Hammond, in the case of exit without a deal, the government’s influence on the processes associated with Brexit, will be limited. “Many of the levers will be in the hands of the other 27 EU members. We can try to convince them, but we can’t control it,” he said.

“For example, we can make sure that the goods arrive through the port of Dover without any obstacles, but we can not control the external flow in the port of Calais. The French can increase or reduce it, just as the Spaniards for many years increased or reduced the length of queues at the border with Gibraltar,” he added.

Hammond previously said that a chaotic “Brexit” without a deal with Brussels could cost the British economy up to £90 billion ($113 billion). He himself made it clear that he does not expect to remain in the government after the election of the new leader of the ruling Conservative party (Boris Johnson or Jeremy Hunt), who will replace the post of Prime Minister Theresa May. According to Sky News, Hammond led a group of 30 conservative deputies, the purpose of which is to prevent the country from leaving the European Union without an agreement on the terms of “Brexit”.

Author: Flyn Braun
Graduated from Cambridge University. Previously, he worked in various diferent news media. Currently, it is a columnist of the us news section in the Free News editors.
Function: Editor