United Kingdom won't pay to access single market post-Brexit

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London Mayor Sadiq Khan said Britain would be shunted into a "lost decade" of low investment with hundreds of thousands of lost jobs if it fails to agree a trade deal with the EU.

"Maybe, just maybe, I'm reaching the point of thinking that we should have a second referendum. on European Union membership", Mr Farage told Channel Five's The Wright Stuff programme. "The percentage that would vote to leave next time would be very much bigger than it was last time round".

"The outcomes after Brexit will depend on decisions which are yet to made".

Asked what the United Kingdom could offer in return for access to the EU's single market in services, Hammond told Die Welt: "Every time European firms raise capital through the City of London and do so more cheaply than they could raise it elsewhere in Europe, that makes those businesses that little bit more competitive". They will go on whinging and whining and moaning all the way through this process.

He also made a joint pitch to business leaders with Brexit Secretary David Davis, where they called for a bespoke post-Brexit trade deal with the European Union which would be the "most ambitious in the world".

German manufacturers supply the British automobile industry directly, and are indirectly involved in the production of German and other European cars exported to Britain, Xinhua reported.

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A Downing Street spokesperson said May provided an overview of the UK's position and update on Brexit negotiations.

Prime Minister Theresa May said she is working to secure the best trade deal with the European Union after Mr Khan warned that Britain could lose nearly 500,000 jobs if it fails to agree a deal.

"We will not be paying for market access", he told reporters ahead of the gathering.

"For such a close trade partnership in goods and services to succeed, we will need to maintain our common principles - including our shared belief in high standards - and continue the intelligent cooperation of our regulators", the pair said.

BRITAIN has already agreed free-trade deals in principle with dozens of non-EU countries - ready to take effect the day after Brexit Day in March 2019, an ex-minister has revealed.

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