UK PM wants 'maximum freedom' on single market after Brexit

Image
AFP Birmingham
Last Updated : Oct 05 2016 | 6:22 PM IST
British Prime Minister Theresa May said today she wanted a Brexit deal which offered "maximum freedom" to operate in Europe's single market but also emphasised she wanted control over immigration.
The demands are contradictory for European leaders, who have emphasised that access to the single market is dependent on allowing free movement of workers.
"I want to give British companies the maximum freedom to trade with and operate within the single market and let European businesses do the same thing here," May told the Conservative party conference.
But she added: "We are not leaving the European Union only to give up control of immigration all over again and we're not leaving only to return to the jurisdiction of the European Court of Justice".
May told delegates in Birmingham, central England on Sunday that she would trigger negotiations with Brussels to leave the EU before the end of March, opening the door for a possible withdrawal in early 2019.
The announcement sent the pound plunging against the euro and dollar but stocks have soared since a weaker pound has helped boost British exporters.
"It's going to be a tough negotiation. It will require some give and take," May said today.
However, Downing Street stressed the UK remains open to
the "brightest and the best" from India and that Indians had been issued more work-related visas than the US, China and Australia combined.
On the sharp decline in Indian student numbers coming to study in the UK over the years, she highlighted that 89 per cent of all Indian students who applied to study at UK universities were given visas.
"This visit is about highlighting that the UK-India relationship really matters. The UK is the largest G20 investor in India and India is the second largest job creator in the UK. There are strong bonds and ties there and it is important to keep up the momentum," the spokesperson said.
May will be accompanied by international trade secretary Liam Fox and minister of state in the Department for International Trade, Greg Hands.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 05 2016 | 6:22 PM IST

Next Story