18 January 2017
By Falk Schoening, Lourdes Catrain and Christopher Lock
Yesterday, the UK Prime Minister, Theresa May, set out the UK Government's long-awaited position on what the UK out of the EU should look like. The announcement of what is generally thought of as a "hard Brexit" negotiating position was combined with a stern reminder that the UK outside the EU will have the freedom to set "competitive tax rates", policies to attract and support global business and investment, as well as "changing the basis of Britain's economic model". This indicates how the UK Government may attempt to create leverage in the negotiations with the EU in order to maintain its competitiveness if the EU closes access for the UK to the Single Market.
Jurisdictions: United Kingdom
Services: International Trade and Investment