AGL 38.20 Increased By ▲ 0.05 (0.13%)
AIRLINK 129.30 Increased By ▲ 4.23 (3.38%)
BOP 7.85 Increased By ▲ 1.00 (14.6%)
CNERGY 4.66 Increased By ▲ 0.21 (4.72%)
DCL 8.35 Increased By ▲ 0.44 (5.56%)
DFML 38.86 Increased By ▲ 1.52 (4.07%)
DGKC 82.20 Increased By ▲ 4.43 (5.7%)
FCCL 33.64 Increased By ▲ 3.06 (10.01%)
FFBL 75.75 Increased By ▲ 6.89 (10.01%)
FFL 12.83 Increased By ▲ 0.97 (8.18%)
HUBC 110.72 Increased By ▲ 6.22 (5.95%)
HUMNL 14.03 Increased By ▲ 0.54 (4%)
KEL 5.22 Increased By ▲ 0.57 (12.26%)
KOSM 7.69 Increased By ▲ 0.52 (7.25%)
MLCF 40.08 Increased By ▲ 3.64 (9.99%)
NBP 72.51 Increased By ▲ 6.59 (10%)
OGDC 189.18 Increased By ▲ 9.65 (5.38%)
PAEL 25.74 Increased By ▲ 1.31 (5.36%)
PIBTL 7.38 Increased By ▲ 0.23 (3.22%)
PPL 153.45 Increased By ▲ 9.75 (6.78%)
PRL 25.52 Increased By ▲ 1.20 (4.93%)
PTC 17.92 Increased By ▲ 1.52 (9.27%)
SEARL 82.50 Increased By ▲ 3.93 (5%)
TELE 7.63 Increased By ▲ 0.41 (5.68%)
TOMCL 32.50 Increased By ▲ 0.53 (1.66%)
TPLP 8.48 Increased By ▲ 0.35 (4.31%)
TREET 16.74 Increased By ▲ 0.61 (3.78%)
TRG 56.01 Increased By ▲ 1.35 (2.47%)
UNITY 28.85 Increased By ▲ 1.35 (4.91%)
WTL 1.34 Increased By ▲ 0.05 (3.88%)
BR100 10,684 Increased By 595 (5.9%)
BR30 31,445 Increased By 1935.9 (6.56%)
KSE100 99,269 Increased By 4695.1 (4.96%)
KSE30 31,032 Increased By 1587.6 (5.39%)

Scottish leader Nicola Sturgeon said on Sunday there was a "golden opportunity" to argue for Britain to remain in the European single market after Brexit, as no-one had yet demonstrated the benefit of loosening trade ties with the EU. Before publishing a study of the economic impact of Brexit on Scotland on Monday, Sturgeon, whose nationalist SNP runs the devolved Scottish government, said there was no alternative to EU membership that could deliver the same economic benefits.
She said Prime Minister Theresa May must defend whatever trade option the UK government chose to pursue with hard evidence, damaging the economy as little as possible. "There is zero credible evidence to suggest leaving the Single Market will bring any benefit to our economy. Indeed, as our analysis will show - the harder the Brexit, the worse will be the outcome," Sturgeon said.
May is preparing for the start of talks about Britain's trade relationship with the EU once it is no longer a member. Agreeing a united stance has been made harder by infighting in May's cabinet and Conservative Party over their vision for the new relationship with the EU, while the biggest opposition party, Labour, is also split on the best way forward.
Speaking to the BBC's Andrew Marr, Sturgeon again urged for Labour to sign up for Britain to remain in the single market, but leader Jeremy Corbyn said membership of the market was dependent on being a member of the EU. "So I don't quite understand why she would keep saying join the single market when leaving the EU means you leave the single market," Corbyn told the ITV's Peston on Sunday programme.
"You have to make a special relationship with the EU," he said, adding that there were "aspects of the single market" he would want to challenge such as state aid rules. May has said she is targeting the closest possible economic ties with the EU after Brexit to reduce future problems for companies, but also wants to reduce immigration and restore sovereignty by ending the jurisdiction of the European court.
The British government has also said it is seeking a one-size-fits-all Brexit that would suit all parts of the UK, ruling out the possibility of a second referendum on independence, a vote Sturgeon said she would be able to have a view on by the end of the year. But Sturgeon's party says continued single market membership would be the option that best reflects the fact that a majority of Scots vote in the 2016 referendum to stay in the EU. "(Those defending Brexit) have completely failed to explain how their approach could even remotely come close to replacing the enormous lost trade and investment," Sturgeon said. "That means there is now a golden opportunity for those moderate voices who are making the case for Scotland and the UK to remain in the single market."

Copyright Reuters, 2018

Comments

Comments are closed.