Foreign Secretary Boris Johnson has said that countries are “queuing up” to sign trade deals once Britain leaves the EU and single market.
In Tuesday’s speech, Prime Minister Theresa May said Britain would withdraw from the single market, and warned the EU not to take punitive measures against Britain.
European Commission President Jean – Claude Juncker, said that Brexit negotiations would be carried out “according to the rules and they yield good results.
“I welcome the clarifications given by Mrs May, but I said to her last night that a speech will not launch the negotiations.”
Writing in the Daily Telegraph, Boris Johnson stated that Britain would “no longer have our trade policy run by the EU commission.
“That means – crucially – that we will be able to do new free trade deals with countries around the world. They are already queuing up.
“Under EU rules, we are not formally allowed to negotiate these new treaties until we leave. But there is nothing to say that ideas cannot be pencilled in.”
EU Leaders Reactions to May’s Speech
Other EU leaders have taken varied and different lines on Theresa May’s speech.
Maltese Prime Minister Joseph Muscat said, “We want a fair deal for the United Kingdom, but that deal necessarily needs to be inferior to membership.
“Thinking it can be otherwise would indicate a detachment from reality.”
The Czech Republic’s Secretary of State for EU Affairs, Tomas Prouza, said it was important a deal would make sense for both sides.
In her speech, May outlined that measures to “punish” Britain could be met with a cut in corporation taxes make Britain more competitive with the EU. She implied that if negotiations were not satisfactory, Britain would walk away. She said, “No deal for Britain is better than a bad deal for Britain”.
Labour leader Jeremy Corbyn said turning Britain into a “low corporation tax haven” was an “odd way of approaching a constructive relationship with a whole continent”.