Saturday 24 June 2017

Britain's 'ambitious' path is not always understood, says May

Theresa May (AP Photo/Michel Euler)
Theresa May (AP Photo/Michel Euler)
Dearbhail McDonald

Dearbhail McDonald

UK Prime Minister Theresa May has acknowledged that Britain's "bold and ambitious" course was not always understood internationally - and she accepted that some of the UK's European partners "feel we have turned our back on them".

Just two days after indicating that Britain would be leaving the European single market as well as the EU, Ms May told an audience at the World Economic Forum in Davos that the Brexit vote was not a rejection of "our friends in Europe" or an attempt to cease co-operation.

Yesterday, she conceded that Britain "must face up to a period of momentous change" and that the road ahead would be "uncertain at times".

Ms May also acknowledged the "huge value" of the financial services industry to the UK following talks with bank bosses in Switzerland as the City braced for jobs being shifted from London after Brexit.

Ms May said that discussions with bankers and business chiefs at the World Economic Forum had been "positive" and insisted her vision of a "global Britain" would keep posts in the UK.

Bosses at JP Morgan, HSBC and UBS have all confirmed Britain's decision to scrap single market access will have major implications for their UK operations.

Irish Independent

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