The Brexit concerns are vowing to become a real headache, and amid fears the Prime Minister, Theresa May has further raised the concerns. May in her statement said that she would not allow compromises to her Brexit Strategy against the national interest, seeking to dispel fears among some, in her Conservative Party, following Brussels’ demand in negotiations.
However, her words sketched robust uncertainty, including from former Brexit negotiator David Davis, stating that the pledge was little reassurance and he would vote against parliament giving May’s exit plan its required approval.
The scenario is utterly chaotic and with less than two months to go before Britain and EU finally agree to a deal, ending more than 40 years of union, May is consistently facing barricades on her business-friendly Brexit approach. The methodology, which has divided her own party, resulting in everyone shaping their own set of opinions.
After an initially disbelieving reaction, EU is formulating its response to what has become known as the Chequers plan, aimed at saving the cross border trade. The bigger picture of, which presents a further concessions and an EU negotiator demanding more concessions. Therefore, a tensed phase of talks’ lies ahead, to be immediately followed by a vote in parliament on whatever deal is finalized.
“I will not be pushed into accepting compromises on the Chequers proposals that are not in our national interest,” May wrote in the Sunday Telegraph. Parliament returns from its summer break on Tuesday. Adding, “The coming months will be critical in shaping the future of our country and I am clear about my mission.”
The markets are completely revolving around the big decision taken by the two sides, and in case EU and Britain are unable to reach a deal in time, the value of Pound is likely to be affected. May also said that she would not hold second referendum on the Britain’s EU Membership, stating “To ask the question all over again would be a gross betrayal of our democracy.”
The Prime Minister plans are to keep Britain in a free trade zone with the EU for manufactured and agricultural goods. However, some Brexit supporters feel that some parts of the British economy would still be governed by set of rules in Brussels.
Davis, who resigned in protest over the Chequers plan after two years as May’s chief negotiator, said the proposal was “almost worse” than being in the EU, and that May could use “national interest” as a caveat to justify further concessions. “You’re not going to turn around and say to parliament ‘Oh, I agreed this, but that wasn’t in the national interest’, are you?”
The tensions are soaring up high, and if the Chequers plan will work or not remains to be answered. Also, with May stuck on her belief to not hold second referendum on Britain’s EU membership, a possible solution isn’t going to come that easily.