- Created: Thursday, 01 February 2018 14:42
- Written by David Yaffe
The Tory party is hopelessly divided. Prime Minister Theresa May is on the back foot, seriously at a disadvantage, often outmanoeuvred in her negotiations over Britain’s future relations with the European Union (EU). The meaning of Brexit is constantly in flux. The dominant sections of the ruling class, corporate business and the City of London, horrified at the damage an abrupt ‘cliff edge’ exit will do to the British economy, have started to up their game. A ‘no deal’ Brexit is no longer on the agenda. Brexit negotiations have, so far, seen Britain forced to give way on each meaningful, contested point. David Yaffe reports.
The exit agreement
The EU’s chief negotiator, Michel Barnier, had insisted that sufficient progress had to be made with the exit agreement – settling accounts, citizens’ rights, and the Irish border – before discussion on the future relationship between UK and the EU, particularly that on the terms of trade, could begin.1 At the end of November 2017, Britain submitted to the principal demand of the exit agreement, by stating that it would fully honour its financial commitments on leaving the EU. The net figure likely to be paid was thought to be in the region of between €40bn and €45bn.