Tories Maintain Hard Brexit Stance in Manifesto

May 18, 2017 Share Print 0

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.

Bloomberg

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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.