Tories Maintain Hard Brexit Stance in Manifesto

Prime Minister Theresa May took a hardline approach to Brexit, promising British voters she would deliver a clean break from the European Union and warning again that no deal with the bloc was better than a bad one.

In publishing her Conservative Party’s manifesto on Thursday, May locked a future Tory government into her plans for a hard Brexit: remove Britain from the single market and customs union; “reduce and control” EU migration. She also rejected the continent’s proposed negotiating schedule and pledged to stop “making vast annual contributions” to Brussels.

May set out her Brexit goals in black and white, a critically important move given that talks with the EU could begin as soon as the day after the June 8 election. Assuming opinion polls are correct and her Tories are re-elected, the document will form the blueprint that guides the government through Brexit in 2019 and out to 2022.

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.