Daily Mail front page headline story
WILL quit the single market, she put Cameron’s feeble negotiations to shame with an ultimatum to Brussels: We’ll walk away from a bad deal—and make EU pay
STEEL OF THE NEW IRON LADY
In an iron-willed speech, the Prime Minister told Brussels that not striking a trade agreement with the UK would be an ‘act of calamitous self-harm’.
Setting out her 12-point ‘plan for Britain’, Mrs May said she was confident the EU would agree to tariff-free trade because it was the ‘economically rational’ thing to do.
But, addressing stunned EU ambassadors, she threatened to set Britain up as a low-tax rival if European leaders tried to impose a punitive deal.
Mrs May declared: ‘No deal for Britain is better than a bad deal for Britain. Because we would still be able to trade with Europe. We would be free to strike trade deals across the world.
‘And we would have the freedom to set the competitive tax rates and embrace the policies that would attract the world’s best companies and biggest investors to Britain.
‘And – if we were excluded from accessing the single market – we would be free to change the basis of Britain’s economic model.’
Making the most important speech of her premiership, Mrs May offered Europe both the carrot and stick as she detailed her ambition for a ‘new partnership’.
She confirmed that Britain would be quitting the single market in order to take back full control of its borders and laws.
She also vowed to break free of customs union rules that prevent us from striking trade deals with the rest of the world.