|
In the latest of several speeches by ministers intended to lay
out Britain's plans for Brexit, Davis told business leaders in
Austria that fears the government will plunge Britain into a
"Mad Max-style world borrowed from dystopian fiction" after
leaving the EU are unfounded.
Instead, he proposed a system of "mutual recognition" where both
sides agree common regulatory outcomes, such as consumer
protection or financial stability, but are able to pursue their
own policies to reach those goals.
"This will be a crucial part of ensuring our future economic
partnership is as open, and trade remains as frictionless, as
possible," Davis said.
"Britain's plan, its blueprint for life outside of Europe, is a
race to the top in global standards, not a regression from the
high standards we have now."
His comments are designed to allay European politicians'
concerns that Britain could cut taxes and regulation to attract
global businesses.
Since Britain voted to leave the EU in 2016, supporters of
Brexit have argued that removing the costs imposed by EU rules
would be one of the main benefits.
Davis's speech comes as the EU is formulating its approach to
the next stage of the Brexit negotiations and ahead of a crucial
cabinet meeting on Thursday to decide on Britain's negotiating
strategy.
(Writing by Andrew MacAskill; editing by Andrew Roche, William
Maclean)
[© 2018 Thomson Reuters. All rights
reserved.] Copyright 2018 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
 |
|
