United Kingdom treasury chief accuses European Union of paranoia over Brexit

United Kingdom treasury chief accuses European Union of paranoia over Brexit

The European Council president said Tuesday that the bloc's "hearts are still open" to the United Kingdom if it changes its mind about Brexit.

EPAThe President of the European Council, Donald Tusk, delivers his speech at the European Parliament. "Once we have that, the leaders will meet and decide on the way the European Union sees its future relationship with the United Kingdom as a third country".

"He sold Brexit on a false prospectus and with the NHS in crisis people are rightly asking where is the money and if it's not forthcoming they should have the right to change their mind".

Philip Hammond says the European Union should stop threatening to punish Britain for its decision to leave the bloc and instead offer a positive vision for what a post-Brexit relationship might look like.

In an interview with the German newspaper Welt am Sonnag, Mr Hammond said: "We've had an election in the United Kingdom in the meantime which made it very clear that the British people have no appetite for changing our economic model".

And in a message to the British, Mr Tusk added: 'Our hearts are still open for you'.

The discussion in Strasbourg, part of the European Parliament's January 2018 plenary session, came on the heels of a new round of Brexit negotiations launching on Monday evening.

Member states are discussing among themselves a new set of negotiating instructions for Juncker's negotiator Michel Barnier ahead of the expected launch of talks on a post-Brexit transition period during which much of the status quo would be maintained. Reports on Tuesday suggested that United Kingdom negotiators have already asked for that permission as part of a transition phase.

Citigroup posts $23b loss in wake of US tax law changes
About $3 billion of the $22 billion tax charge came from the newly enacted, one-time charge on USA companies' overseas earnings. Trading revenue, a profit engine for numerous biggest US banks, fell 19% to $2.9 billion from $3.6 billion a year ago.

Jeremy Corbyn has repeatedly refused to rule out supporting a second referendum.

"President of the European Commission echoed similar sentiments, saying: "[Tusk] said our door still remains open and I hope that will be heard clearly in London".

That, plus the £38 billion the United Kingdom will have saved by not paying for the two-year transition period, adds up to a total of £651 billion.

However, he also called for more clarity from Theresa May "on the UK's vision" after Brexit.

This appears to support leaks that the EU is demanding that any European citizen who moves to Britain before 2020 be given permanent residency rights.

In an exclusive interview with The Guardian newspaper, Johnson said up to 438 million pounds could actually be made every week in the United Kingdom once Brexit was finalised, a figure even higher than his original prediction that had been emblazoned on campaign buses and disproved by experts.

On 29 March 2017, the United Kingdom government invoked Article 50 of the Treaty on the European Union.

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