BERLIN (Reuters) – Britain must respect its commitments in the withdrawal treaty it signed with the European Union if it wants to have an agreement on future trade relations with the bloc, the chairman of euro zone finance ministers Pascal Donohoe said on Friday.
In one of the most extraordinary turns since the 2016 Brexit referendum, Britain explicitly said this week that it plans to break international law by breaching parts of the Withdrawal Agreement treaty it signed in January.
This plunged talks on a future trade relationship between the EU and Britain into crisis less than four months before the United Kingdom is due to leave the EU’s orbit at the end of a transition period. Read more…..
Chart of the Day
The dramatic economic effect of the lockdown has been laid bare, with figures showing that the UK economy shrank by more than a fifth in April. It’s the largest monthly contraction ever recorded – in the first full month of lockdown.