Data on cross-border property transactions indicate greater unease among investors prior to the referendum, which voters unexpectedly approved on June 23, than had been captured in the capital markets prior to the vote.
Advertisement
Her remarks came when being asked to comment on whether Britain could attain “special status” after Brexit happens, a topic stirred by Michael Roth, minister of state for Europe at Germany’s Federal Foreign Office, on Tuesday. In the immediate aftermath of the Brexit referendum, in which 52 percent of Britons voted to leave the European Union, many among the British electorate felt that the lights of economic integration had been extinguished and that dark times lay ahead for the United Kingdom. Prime Minister Theresa May has said she will not start the two-year process of leaving this year.
“Until the end of the year should really be sufficient time to get organized and adjust to the new situation. I am quite sure that the economic pressure from Britain itself will be strong”. Economists say it will take time for the impact of the Brexit vote on the economy to appear in official data.
Another senior government insider told the newspaper there was uncertainty about preparatory talks with European Union leaders, in which Britain would try to reach understandings on key issues before triggering Article 50.
More than half of the United Kingdom.
There is concern within Whitehall that Britain has nowhere near enough top negotiators to agree the complex deal with Europe that must be hammered out over the two-year Brexit process.
“British businesses and universities will have certainty over future funding and should continue to bid for competitive European Union funds while the United Kingdom remains a member of the E.U.”, UK Chancellor Philip Hammond said in a statement.
“We can’t quibble about it”. With 70,000 Jews from Germany and other parts of occupied Europe having fled to the United Kingdom, it is assumed much of the interest comes from members of the Jewish community.
“I want relations between the European Union and Britain to be as close as possible”, he said, but warned: “There can not be any cherry picking”. Roth showed little sign of a readiness to compromise here.
“The UK will continue to have all of the rights, obligations and benefits that membership brings, including receiving European funding, up until the point we leave the EU”, he said.
Advertisement
“I can’t imagine that”, he responded.
