Britain, EU strike financial services deal — BREXIT

Eileen GuzmanNov 03, 2018

Now a Tory peer in the House of Lords, he has weighed into the ongoing dispute between the United Kingdom and the European Union over the question of the border between British Ulster and the Republic of Ireland, accusing the bloc in general and Irish taoiseach (prime minister) Leo Varadkar in particular of exploiting the issue for political gain.

UK Minister for the Cabinet Office David Lidington said negotiators were "very close", and that he hopes and expects that a deal will be secured in the next few weeks.

But Number 10 said it was speculation and talks were ongoing, while the EU's Brexit negotiator Michel Barnier hit out at "misleading" accounts.

Asked about the November 21 date, Foreign Secretary Jeremy Hunt said: "I think it's entirely possible that we could make progress, enough progress, by then".

He said the end of negotiations was "firmly in sight and while obstacles remain it can not be beyond us to navigate them", and that an agreement on the border "should be possible".

The bank said consumer spending performed better than it had expected but businesses were holding back on investment until there was clarity about Brexit. This followed news out of the U.S. that President Trump was hoping to resolve the recent trade conflict with China.

Mr Raab made the comment following a one-day visit to Northern Ireland.

Four of the five parties expressed frustration after the meeting and they pressed Ms Bradley to convene multi-party talks.

Meanwhile the Democratic Unionist Party, which props up the Conservative British government, repeated its rejection of any deal that would introduce a customs and regulatory check between Northern Ireland and the rest of the UK.

Britain and the European Union agree that after Brexit there must be no customs posts or barriers that could disrupt businesses and residents on either side of the border and undermine Northern Ireland's hard-won peace process.

However, Mr Raab insisted he is confident his government can get a "good deal".

Bank of England Governor Mark Carney said a disruptive no-deal Brexit was not the central bank's main assumption but if there was a shock to the economy, it was not possible to say if rates would need to rise or fall in response.

Crucially, the United Kingdom -wide backstop negates the need for Northern Ireland and Great Britain to fall into separate trading jurisdictions ensuring domestic resistance to the backstop is mitigated and therefore allowing progress towards a deal to continue.

McDonald said Britain would be acting "recklessly" if it backtracked on its commitment to avoid a hard border. "If Northern Ireland is subject to European Union single market regulations, then it will also be subject to the ECJ in some form as the arbiter of those regulations".

SDLP leader Colum Eastwood and Alliance Party leader Naomi Long also pressed Mr Raab for a backstop plan.

The port, on Carlingford Lough which forms part of the Irish border, ranks second in Northern Ireland behind Belfast in terms of tonnes handled in 2017.

He was criticised there for not meeting with public representatives and local people.

The Sinn Féin representative accused him of "coming in like a thief in the night".

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