LONDON (Reuters) – Britain’s former ambassador to the European Union has warned that there’s a greater danger of a Brexit disaster than monetary markets are presently pricing in, the Guardian reported.
Ivan Rogers, Britain’s former Permanent Representative of the United Kingdom to the European Union, leaves the The Houses of Parliament after giving proof to a parliamentary sub-committee, in London, Britain February 1, 2017. REUTERS/Neil Hall
The United Kingdom is because of depart the European Union on March 29, but little is evident: There is, up to now, no full exit deal, rivals to Prime Minister Theresa May are circling and a few lawmakers are pushing for a rerun of the 2016 referendum.
Ivan Rogers, who served as EU ambassador from 2013 to 2017, warned in a speech in Dublin that negotiators on each side risked “sleepwalking into a major crisis” that would poison relations for a era.
“There is now, in my view, a higher risk than the markets are currently pricing of a disorderly breakdown in Brexit negotiations, and of our sleepwalking into a major crisis,” the Guardian quoted Rogers as saying.
“Not because either negotiating team actively seeks it, but precisely because each side misreads each other’s real incentives and political constraints and cannot find any sort of landing zone for a deal, however provisional.”
Both London and Brussels say they need to break up deal on the October 18 EU Council however many diplomats suppose that focus on date is simply too optimistic. Britain has stepped up planning for the results of doubtless not getting a deal.
Rogers criticised what he forged because the delusional pondering of some British Eurosceptics and stated they knew real no-deal Brexit “would bring several key sectors of the economy to a halt”, the Guardian reported.
With slightly below seven months left earlier than the UK is because of depart the EU, the nation, its politicians and its business leaders stay deeply divided over Brexit.
Recent opinion polls present voters suppose May is dealing with the method badly and there could also be a slight transfer in direction of help for staying within the EU.
Reporting by Guy Faulconbridge, modifying by James Davey