European: European Union

european: On Tuesday, the British PM ruled out half-in, half-out solution to the Brexit and confirmed Britain would leave the European Union EU single market This position was reinforced on Friday, when Philip Hammond, British Chancellor of the Exchequer, declared during a panel-discussion in Davos that we have pitched our proposal not at membership of the market, but at a comprehensive free trade agreement between an independent United Kingdom outside the European Union, and the European Union, according to Global Times China. But he highlighted the free trade between the two sides, saying It's very much in the interests of the UK and the European Union, that we continue to have free trade between the UK and the European Union. The two speeches given by May, one on Tuesday in Westminster laid out the Britain's position on Brexit negotiations, another on Thursday at the World Economic Forum in Davos portrayed a more global Britain for the future. He noted that in such a situation, the EU was likely to remain the UK's single largest trading partner, and thus a confident, successful, stable and growing EU with a stable and successful currency in the euro would be in the UK's interests. But they also emphasized a more global outlook of the UK. Hammond talked about Britain maintaining its competitiveness through reinvention, if necessary. Both the British chancellor and the prime minister stressed their respect for their European partners, hoping for continued close relations and trade. (news.financializer.com). As reported in the news.