Pound plummets as UK prime minister stands firm on Brexit

Her comments came a day after European Union leaders rejected her plans during a summit in Austria.

After a dinner in Salzburg, the EU leaders said would certainly continue to press for a Brexit deal next month nevertheless rejected May’s proposal to seek a free trade area for goods with the EU.

EU leaders further cautioned May which talks could collapse if she didn’t give leeway on the issues of Northern Ireland’s border in addition to trade.

After those warnings, May faced reporters Thursday evening in addition to repeated which Britain was prepared to walk away by the EU without a deal. She further dismissed any suggestion which if the U.K. parliament was to reject her plan for leaving the EU, there could be a second referendum.

“There will be no second referendum,” she said.

Under May’s “Chequers plan,” a U.K.-EU free trade area would certainly be created that has a “common rulebook” for industrial in addition to agricultural goods. Britain’s rule book on the goods would certainly “harmonize” with which of the European Union.

the item also calls for a “facilitated customs arrangement” to allow the smooth movement of goods between the U.K. in addition to EU countries after Brexit.

Britain is actually due to leave the EU on March 29, 2019 in addition to will then have 21 months to make the transition to full withdrawal at the end of 2020.

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