Brexit a ‘disadvantage’ for UK: Hillary Clinton

LONDON: Hillary Clinton said Brexit would put Britain at a "very big disadvantage" and force companies to move resources to continental Europe, in an interview aired Sunday, reports AFP.

Britain leaving the European Union could cause serious disruption for the country as it tries to reorder its trading relationships, she told BBC television.

"I think it would be a very big disadvantage to Britain," said Clinton, the Democratic Party candidate who lost to Donald Trump in last year's US presidential election.

"No deal meaning no preferential trade deals, which means products in Britain would not have the kind of easy access to the European market that you've had under EU membership.

"It could very well mean that there would be more pressure on businesses in Britain, if not to leave completely, at least (to) also have sites and employment elsewhere in Europe.

"The disruption for Britain could be quite serious," the former US secretary of state said. As Britain's divorce discussions with the EU stumble on, London now admits it is actively preparing to leave in March 2019 without agreeing a trade deal, which would mean operating on World Trade Organization tariff rules.

Clinton suggested that commercial ties with the EU could not be replaced by a new trading relationship with the United States under Trump.

"You're making a trade deal with someone who says he doesn't believe in trade," she said.

EU negotiator Michel Barnier said Thursday that Britain and the bloc are stuck in a "disturbing deadlock" over London's financial settlement, although a breakthrough remains possible over the next two months.

He told reporters in Brussels that he could not recommend to EU leaders at a summit next week that negotiations move on from divorce issues to talks on a post-Brexit trade deal.

EU leaders are set to extend an olive branch to British Prime Minister Theresa May at a summit in Brussels this week in a bid to break a deadlock in Brexit negotiations.

The Europeans will announce that there has not been enough progress on divorce issues, including the size of Britain's exit bill, to move on to the second phase, of trade talks, until December at the earliest.

But in a goodwill gesture to a badly weakened British leader, they are set to say that the EU should start internal preparations for talks on the future relationship with Britain, which is due to leave the bloc in 18 months.

"The goal is to be a bit more positive, show London that the door isn't totally closed," an EU diplomatic source told AFP. "But basically it doesn't change anything."

Brexit a disadvantage for UK: Hillary Clinton

LONDON: Hillary Clinton said Brexit would put Britain at a very big disadvantage and force companies to move resources to continental Europe, in an interview aired Sunday, reports AFP. Britain leaving the European Union could cause serious disruption for the country as it tries to reorder its trading relationships, she told BBC television. I think it would be a very big disadvantage to Britain, said Clinton, the Democratic Party candidate who lost to Donald Trump in last years US presidential election. No deal meaning no preferential trade deals, which means products in Britain would not have the kind of easy access to the European market that youve had under EU membership. It could very well mean that there would be more pressure on businesses in Britain, if not to leave completely, at least (to) also have sites and employment elsewhere in Europe. The disruption for Britain could be quite serious, the former US secretary of state said. As Britains divorce discussions with the EU stumble on, London now admits it is actively preparing to leave in March 2019 without agreeing a trade deal, which would mean operating on World Trade Organization tariff rules. Clinton suggested that commercial ties with the EU could not be replaced by a new trading relationship with the United States under Trump. Youre making a trade deal with someone who says he doesnt believe in trade, she said. EU negotiator Michel Barnier said Thursday that Britain and the bloc are stuck in a disturbing deadlock over Londons financial settlement, although a breakthrough remains possible over the next two months. He told reporters in Brussels that he could not recommend to EU leaders at a summit next week that negotiations move on from divorce issues to talks on a post-Brexit trade deal. EU leaders are set to extend an olive branch to British Prime Minister Theresa May at a summit in Brussels this week in a bid to break a deadlock in Brexit negotiations. The Europeans will announce that there has not been enough progress on divorce issues, including the size of Britains exit bill, to move on to the second phase, of trade talks, until December at the earliest. But in a goodwill gesture to a badly weakened British leader, they are set to say that the EU should start internal preparations for talks on the future relationship with Britain, which is due to leave the bloc in 18 months. The goal is to be a bit more positive, show London that the door isnt totally closed, an EU diplomatic source told AFP. But basically it doesnt change anything.