May’s Tone Shifting from “Hard Brexit”

There is a recognisable repetition in Theresa May’s speeches about Britain’s decision to leave the European Union: “Brexit means Brexit”, making “a success of it” and getting “the best deal” for Britain are some of her stump phrases.

But a closer look at her speeches suggests her position on key aspects of Brexit has evolved since she took office in the aftermath of the June 23 vote to leave.

Together with public comments by ministers in her Conservative government, the changes appear to suggest May has shifted from favouring a “hard Brexit” – a clean break with the EU’s single market of 500 million consumers – to supporting continued membership of that market if possible.

Reuters

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam