Britain’s Prime Minster Theresa May has stated that Britain will not seek a “half in, half out” deal with the European union once negotiations start. This further release from her heavily anticipated statement on Britain’s future with the EU has pushed the value of sterling even lower than yesterday as the signs become clear that Britain is heading towards a “Hard Brexit”. The snippets of leaked material coming from her office will be disconcerting to business. So far the business community has had to wait more than six months for details to even begin to start coming out around Britain’s economic future with its European neighbours.
The snippets that are coming out will not be particularly welcomed in the business community and their worst fears are beginning to come true. It already appears that the Prime Minister values tightened border security over the free movement of people to and from the UK. The plan is likely to get significantly more meat on the bones on Tuesday, but Mrs May’s office has been very keen to get the news out early. Presumably in order to soften the blow of what’s to be expected.
So far what has emerged is that there will be a clean break from the trading bloc. With negotiations beginning from the point of an outsider. For many this will be an odd tactic, and one that is likely to not be particularly useful considering Britain’s long membership of the union as one of the early adopters. Indeed the assertion is that many who voted for Britain to leave the European union did so in order to break free completely. It does, at first glance appear that they will get their wish.
The news coming out of Downing street will be a major disappointment to the 48% of the country who voted for Britain to remain in the union. There has been significant uproar caused by the fact that this extremely high number of citizens will be completely ignored in the negotiations.
This fact hasn’t been lost on the Liberal democrats and their leader Tim Farron. He has appealed for Britain to get a second referendum once the terms are in place for Britain’s removal from the EU. This softer tactic has so far been completely ignored. Many will note the lack of opposition from Labour. At least a lack of opposition from their leader Jeremy Corbyn who has been inconspicuous by his absence on the matter of Britain’s EU membership. Though the party beneath him do appear to be trying to oppose the governments position. The tactic has worked well for the Lib dems, who have seen their membership swell in recent times, and are now seen as the most progressive movement to oppose the Tories due to Labour’s infighting.
Whatever comes out of Mrs May’s speech, rarely in British history has a speech had so much build up. It will certainly be the biggest speech of May’s career and may indeed be her legacy. It may also mark one of the biggest turning points in Britain’s history, lets hope for the better.
Joseph is a 34 year old freelance writer from London. He has a wide interest in politics and specialises in the subject. He's also a blog writer in his spare time.