UK PM May might have to accept permanent membership of customs union - UK Times

Dhwani Mehta FXStreet

According to a weekend story carried by the UK Times, the UK Prime Minister (PM) Theresa May might have to accept a permanent membership of a European customs union.

Key Highlights:

“Theresa May's team has privately admitted she may have to accept permanent membership of a European customs union.

A secret war gaming exercise concluded that even Brexiteers such as Michael Gove and David Davis would not resign in protest.

One of May's political team told a meeting on March 20 that she and senior aides "will not be crying into our beer" if parliament forces the government's hand.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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