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May sells Brexit 'momentous change'

Thursday, January 19, 2017 - 01:11

After setting out her Brexit plans in more detail on Tuesday (January 19), UK Prime Minister Theresa May is in Davos to sell her vision to a global audience. Jacob Greaves reports.

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The most definitive 72 hours in Theresa May's tenure to-date, as UK Prime Minister. On Tuesday she told Britian that Brexit meant no single market access. Now she's selling her plan to the world at Davos. "I am pleased that we have already discussions on future trade ties with countries like Australia, New Zealand and India. While countries including China, Brazil and the Gulf States have already expressed their interest in striking deals with us." Since Tuesday's (January 19) speech, the UK government has emphasised they'd like to have a good EU trade deal, but that the country can survive without one. Financial services the sticking point. The UK's big banks want single market access so they can operate across Europe. Since the speech, HSBC and UBS have already said they will be moving some jobs out of London. The British government could have a trick up its sleeve, lowering corporation tax to keep businesses in the UK. EU competitiors say such a move could start a 'race to the bottom.' In Davos, that doesn't chime with May's emphasis on globalisation, that 'works for everyone'. But official Brexit talks still haven't begun. The door is far from closed on this debate.

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May sells Brexit 'momentous change'

Thursday, January 19, 2017 - 01:11