The British government is optimistic about reaching some form of deal with the o...
BUCHAREST/ LONDON - The British government is optimistic about reaching some form of deal with the opposition Labour Party to end a deadlock on Brexit as work on a compromise continues, Britain’s finance minister Philip Hammond said on Saturday.
But Labour said the governing Conservatives needed to be more flexible and had not shown any movement on a political declaration of intent on the future relationship between London and Brussels once Britain has left the European Union. It is the latest twist in a saga which leaves Britain, the world’s fifth-biggest economy, struggling to find a way to honour a 2016 referendum vote to take the country out of the globe’s largest trading bloc.“I am optimistic that we will reach some form of agreement with Labour,” he said on the sidelines of a meeting of European Union finance ministers in Bucharest, adding he expected the exchange of “some more texts today.
Hammond, who is one of the most pro-European members of May’s government, also signalled optimism about next Wednesday’s EU summit on Brexit, saying most EU states agreed there was a need to delay Brexit. “Most of the colleagues that I am talking to accept we will need longer to complete this process.”
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