Brexiteer reveals why EU will not compromise in trade talks ‘They want to punish UK’


    The former Brexit Party MEP warned the future of Brussels depends on “whether or not we make a success of Brexit”. So far trade talks are at a deadlock over key issues including fishing and state aid.

    Businessman Mr Habib told “For the EU it is desperate that we do not make a success of Brexit.

    “That’s why I don’t think the EU will compromise much over these trade talks, the compromise is going to be at our end.

    “For them it is not a matter of doing what is pragmatic and right for the economies of the EU. What they want is to punish the UK.”

    The ex-MEP added there is “a lot going on” in the EU, with the bloc at a “pivotal crossroads”.

    Mr Habib said: “It either goes for full integrated fiscal and monetary policy so that it can rescue Greece, Italy, Spain, Portugal and France which are the countries that are really suffering economically at the moment.

    “If it doesn’t go for full monetary and fiscal union, then the continued stress between the funders of the EU being the Netherlands, Germany and I think Ireland are now going to be net payers, the stress between the rich nations in the EU and the poorer nations is going to get bigger and bigger.

    “You will see a financial collapse within the EU unless they can go for full union.

    “And of course full union is something that I abhor and I think any individual who got their country’s interests at heart would abhor it.

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    “Apart from anything else the UK is not ready for no deal.

    “If we were going to no deal on December 31 the country would need to know how we are going to be dealing with goods coming in from the EU in terms of tariffs and everything else, what it would need for the movement of capital between the EU and the UK, what it would need for travel between the EU and the UK, what it would need for double taxation of profits for companies who have subsidiaries in the EU and parent companies in the UK and vice versa.

    “The Government has not put out any messaging on any of this which says to me actually they never planned for no deal which means they will eventually do a deal.

    “Because they’re not ready for no deal, if you’re not ready for no deal, you’re not going to get a good one.

    “I’m virtually certain that there will be compromises made by the UK and more so than the EU.

    “They will be dressed up as compromises made by the EU and the deal will be pronounced as being a fantastic one for the UK but an in depth analysis of it will reveal that it is not a good deal.

    “That’s my prediction which is not very upbeat and optimistic I’m afraid.”


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