British Prime Minister Theresa May stressed that she and her government would continue to monitor economic data in the coming months before setting out a fiscal response to protect the country’s economy.
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Speaking before travelling to China for the G20 summit, May said she would not pretend that leaving the union would be “plain sailing”, despite positive economic figures in the United Kingdom since the referendum.
He said the U.S. would work with Mrs May on the process: “We will consult and co-ordinate with her as she and her government move forward with the Brexit negotiations to ensure that we don’t see any adverse effects in trading and commercial relationships between the United States and the United Kingdom”.
“We will be going out there to deliver on that”. “I think we must be prepared for the fact that there may be some hard times ahead, but what I am is optimistic”.
Following a bilateral meeting with Obama, the U.S. president said that the country would continue to focus on its current trade talks with European and Pacific blocs before it inked a deal with the UK.
Trade matters concerning Britain have for more than 40 years come under the remit of Brussels, where trade deals are negotiated for the whole of the 28-nation EU.
He reiterated the position that no negotiations can kick off with the British government until the legal clause is triggered that sets the two-year clock for negotiating the terms of Brexit. Mrs.
Speaking to BBC television, Ms May also ruled out a new General Election in the near future, saying Britain needed stability following June’s referendum vote to pull out of the European Union.
On becoming Prime Minister, May satisfied many Tory leave campaigners with a pledge that “Brexit means Brexit”, but beyond a pledge to move away from the current system of free movement of European Union citizens she has not established a solid plan.
Obama said the US would “consult closely” with the UK over Brexit negotiations to ensure there were no “adverse effects” in the US-UK trading relationship.
Putin, in apparent reference to Britain’s decision to leave the European Union, told May that “everyone understands that you and your team are facing hard challenges”.
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“I’m anxious”, Nigel Farage, one of the most prominent Brexit campaigners and former head of the UK Independence Party, told BBC radio when asked about May’s comments.
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Critics of the planned Hinkley Point project say its technology is untested, it is a bad financial deal for Britain and serious concerns remain about a Chinese state-owned company investing in key infrastructure that could give Beijing major political leverage in the event of a conflict.
