BRUSSELS (Reuters) – British member of the European Parliament Nigel Farage stated on Monday Britain ought to go for a tough Brexit if the European Union doesn’t supply an settlement on monetary companies.
Farage, a former chief of the United Kingdom Independence Party (UKIP) who campaigned for Britain to depart the EU, stated that and not using a deal on monetary companies, Britain may simply as properly base its future relations with the EU on World Trade Organization guidelines, or what is known as the onerous Brexit possibility.
Speaking to reporters after a gathering with the EU chief Brexit negotiator Michel Barnier, Farage stated the bloc appeared prepared to supply a free commerce deal for items however was reluctant to present Britain’s monetary companies business open entry to its markets:
“Unless he can compromise somewhat and be prepared to give on services and financial services, the calls to go out of the EU under WTO rules will increase,” Farage stated.
Both sides described the assembly as civil, though Farage stated he didn’t suppose Barnier, a former French overseas minister, understood the function open EU immigration had performed within the Brexit vote of 2016.
“I really don’t think he gets it,” stated Farage, who leads UKIP within the European Parliament, describing his go to to Barnier as a response to conferences he had held with Britons who argue for Brexit to be known as off or watered down: “I‘m trying to represent the view of those who voted Brexit,” he stated.
Reporting by Christopher Stern, Jan Strupczewski, Alastair Macdonald and Philip Blenkinsop