HomeInsideUK Finance minister Philip Hammond sees a deal with Labour party on Brexit

UK Finance minister Philip Hammond sees a deal with Labour party on Brexit

Reader's Pick

Talks between the British government and the main opposition Labour party aimed at breaking the deadlock over Brexit continue, finance minister Philip Hammond said on April 6, adding he expected to reach “some form of agreement.”

The Labour party said on April 5 talks with the government had made no progress as there was no “real change or compromise” from Prime Minister Theresa May‘s Conservatives.

But Hammond said he was optimistic about the talks.

“The conversations with the Labour party are continuing,” he told reporters on the sidelines of a meeting of European Union finance ministers in Bucharest.

- Advertisement -

“I am optimistic that we will reach some form of agreement with Labour,” he said, adding he expected the exchange of “some more texts today.”

He said the government had no red lines in the talks.

Hammond also signalled optimism about next Wednesday’s EU summit on Brexit, saying most EU states agreed there was a need to delay Brexit.

May has written to Brussels asking EU leaders to postpone Britain’s exit from the bloc next Friday until June 30.

- Advertisement -

The EU insists, however, she must first show a viable plan to secure agreement on her divorce deal in the deadlocked British parliament.

“Most of the colleagues that I am talking to accept we will need longer to complete this process,” Hammond told reporters in Bucharest.

“I am optimistic about the Council on Wednesday,” when EU leaders meet in Brussels to decide the next steps in the Brexit process, he said.

close

Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.
 

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

1Win App: Review India Apk for Android and iOS

The company 1Win has been successfully operating in the markets of many countri...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

NASA astronauts to carry first ever all-female spacewalk on 29 March

Two NASA astronauts are scheduled to carry out the first ever all-female spacew...

Logistics 4.0: Creating a value chain through smart interconnected technologies

Businesses are keeping up with the changing digital environment to stay competi...

Budget 2022-23: Technology, SaaS, AI & ML Sector Reactions

Technology market reaction on Budget 2022-23: As Finance Minister Nirmala Sitha...

Budget 2023 Should Fouse On Increasing Research Grants to Promote Innovation in Ayurveda: Ameve Sharma of Kapiva

As the Union Finance Minister Nirmala Sitharaman, is all set to present the Ind...