- Nineteen prisoners use cutlery to break out of cells at Winchester prison
- France wants progress in Ukraine before Russia returns to G7
- Italy president begins talks to seek way out of government crisis
- Italian PM expected to resign as political chaos deepens
- Russia says US cruise missile test ‘regrettable’
- Kremlin - No date set for Normandy talks on Ukraine despite Macron meeting
- Egypt court hands out 6 death sentences on terror charges
- Putin says Russian nuclear explosion poses no threat
- Russian panel eyes alleged foreign interference in protests
- Gran Canaria wildfire triggers evacuation of thousands of people
- PM Johnson calls on Germany and France to compromise on Brexit
- Sudan's ex-president Bashir arrives at corruption trial
TEHRAN, February 20-Brexit minister David Davis will say on Tuesday that Britain has no plans to recast itself as a regulation-light economy undercutting rivals on the continent, as he attempts to dispel a major concern of European Union leaders.
TEHRAN,Young Journalists Club (YJC) -In the latest of several speeches by ministers intended to lay out the government’s plans for Brexit, Davis will tell business chiefs in Austria it is mistaken to think Britain will focus on deregulation after it leaves the trading bloc.
“They fear that Brexit could lead to an Anglo-Saxon race to the bottom. With Britain plunged into a Mad Max-style world borrowed from dystopian fiction,” Davis will say, according to excerpts of his speech.
”These fears about a race to the bottom are based on nothing, not history, not intention, nor interest.
“But while I profoundly disagree with them — it does remind us all that we must provide reassurance.”
Since Britain voted to leave the EU, supporters of Brexit have argued that removing the costs imposed by EU rules is one of the main benefits of leaving the trading bloc.
In the past, ministers have suggested Britain may have to change its economic model to remain competitive and cut taxes and regulation to attract global investment.
Source:Reuters
Your Comment