fxs_header_sponsor_anchor

News

UK PM May putting pressure on Brexiteer ministers - The UK Times

As reported by The UK Times, UK Prime Minister Theresa May has begun to apply pressure to Brexiteer ministers within the parliament, as the odds of a successful deal with the EU leadership in Brussels are beginning to look grim.

Key quotes

"Theresa May’s chief Brexit negotiator has told ministers that they have no chance of striking a bespoke trade deal with the European Union. Oliver Robbins briefed secretaries of state before their meeting at Chequers on Friday that they had to be realistic about what could be achieved.

He is understood to have painted a bleak picture of the state of negotiations, telling them that Michel Barnier, his EU counterpart, was under no pressure from European leaders to soften his tough stance even though Mrs May had asked them to intervene.

One government figure said that the clear message had been that ministers may end up having to choose between a Norway-style deal in which Britain remains in the single market but has to accept EU rules, or pursuing a simple free-trade agreement that is strongly opposed by business.

“I came out of the meeting and thought we were even more screwed than we were before,” the source said. “I was surprised he admitted how bad it was. If I had to gauge where we are, I would say Downing Street moving towards the Norwegian model.”

"Mr Robbins is understood to have made clear during the meetings with ministers that he sees little chance of the EU agreeing to the type of trade deal that would allow British companies to have privileged access outside the terms of the single market. He said that the EU’s public pronouncements that the UK will have to choose between existing models of access reflected its private stance.

At last week’s European summit EU leaders dismissed suggestions that Britain could remain in the single market for goods while leaving it for services and freedom of movement."

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2026 FOREXSTREET S.L., All rights reserved.