UK opposition Labour Party will back Brexit trade deal
Reuters
Published Dec 24, 2020 17:24
Updated Dec 24, 2020 18:00
LONDON (Reuters) -Britain's opposition Labour Party will back Prime Minister Boris Johnson's trade deal with the European Union when it is put before parliament next week, Labour leader Keir Starmer said on Thursday.
Earlier, Britain clinched a narrow Brexit trade deal just seven days before it exits one of the world's biggest trading blocs in its most significant global shift since the loss of empire.
Parliament is due to be recalled on Dec. 30 to vote on the legislation which implements the deal.
"When this deal comes before parliament, Labour will accept it and vote for it," Starmer said. "At a moment of such national significance, it is not credible for Labour to be on the side lines."
But Starmer said he could only justify voting for the deal because it was better than the alternative - a disruptive break with the EU on Dec. 31 that would worsen the economic damage of leaving the bloc.
"The deal is a thin agreement," he said. "It does not provide adequate protections for British manufacturing, our financial services, creative industries or workplace rights. It is not the deal the government promised."
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.