United Kingdom vows no 'Mad Max style' deregulation after Brexit

Britain’s Brexit secretary David Davis “These fears about a race to the bottom are based on nothing not history not intention nor interest.”

In a speech in Vienna, the Brexit secretary made the case for frictionless trade based on mutual trust between regulators on each side, pointing out that it could also offer a solution to the delicate Irish border issue. Michael Gove's crusading zeal for improving animal welfare and environmental outcomes.

Industry leaders welcomed Mr Davis's commitment not to undercut European Union rules, and therefore remain at least aligned with them. "It's the Boris Johnson school of having the cake and eating it, which we already know is unrealistic". Times stamps are London time.

European Union leaders warn Britain can't have both freedom from the bloc's regulations and frictionless trade. We want to protect the interests of British manufacturing.

"The red lines of the United Kingdom for the future relationship with the EU (leaving the internal market and customs union) mean that the trade relationship can not go much further than a trade agreement like the one the EU has concluded with Canada".

"Article 50 says that the withdrawal agreement has to take into account the future relationship, so you have to have the future relationship for that to happen".

One of them, Best for Britain, captured the headlines this month because of a large donation from billionaire investor and philanthropist George Soros.

"And that's why it's a message delivered by every member of Britain's government as we meet our European counterparts".

"I'm not conscious of anybody talking down the Good Friday Agreement".

There's the key quote flagged by his office overnight. "Neither side should put up unnecessary barriers during this process", he will say. However, he has also raised the prospect of a USA trade deal that would allow the import of chlorinated chicken and other products that face fierce opposition from environmentalists.

"This will be a crucial part of ensuring our future economic partnership is as open and trade remains as frictionless as possible". Regulatory divergence is both anti-worker and anti-business, so it should be no surprise that the public don't want it.

U.K.is facing a new global context, with a new phase of globalization imminent, Davis says.

"That doesn't mean we think it is likely - we are working towards a deal later this year".

"We must continue to work together as the closest of partners and friends", he stressed. The warning follows reports that Oliver Robbins, the former permanent secretary to Davis, is now effectively running the show.

"That is exactly what this government will be spelling out in the course of the coming negotiations", he added.

Renew said it had received informal advice about how to proceed from En Marche (On the Move), French President Emmanuel Macron's upstart centrist party which came from nowhere to sweep to victory previous year.

The next elections are not due until 2022 but many commentators believe they could come much earlier because of Prime Minister Theresa May's precarious leadership and feuding inside her Conservative party.

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