Phillip Hammond Anticipating Brexit Deal With Labour

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Last Saturday, Philip Hammond, the finance minister of Britain, said that the government of the United Kingdom is optimistic about being able to reach some form of deal with the Labour Party, the opposition party, to end a deadlock on Brexit as the work on a compromise continues.

The Labour Party, led by Jeremy Corbyn, however, said that the governing Conservatives must be more flexible. It also said that the government had not shown any movement on a political declaration of intent regarding the future relationship between Brussels and London once the United Kingdom has left the European Union.

A source from the Labour Party informed Reuters that the discussions between the two sides are yet to be arranged for this weekend,

Theresa May, the Prime Minister of the United Kingdom, has requested the leaders of the European Union to postpone the exit of Britain from the bloc next Friday until the 30th of June, however, the European Union is insisting that she must first present a viable plan to secure an agreement on her thrice-rejected divorce deal in the British parliament.

It is the most recent twist in a saga which leaves the United Kingdom, the fifth-largest economy in the world, struggling to look for a way to honour a 2016 Brexit referendum vote to take the country out of the largest trading bloc across the globe.

However, Hammond informed reporters last Saturday that he was upbeat about breaking the impasse.

On the sidelines of a meeting of the finance ministers of the European Union held in Bucharest, he stated: “I am optimistic that we will reach some form of agreement with Labour.” He added that he expected the exchange of “some more texts today.”

He claimed that the government had no red lines in the discussions.

However, the home affairs spokesperson of the Labour Party said that the Conservatives must show some willingness to compromise on the red lines of Prime Minister Theresa May, which include no more membership of the customs union or single market of the European Union.

In an interview with BBC radio last Saturday, Diane Abbot, stated: “My understanding is that there has been no movement from the government on the actual concept of the political declaration and that is key.”

She added: “The government perhaps has to show a little more flexibility than it seems to have done so far.”

Hammond is considered as one of the most pro-European members of the government of Theresa May. He also signalled optimism over the EU summit on Brexit that is scheduled on next Wednesday. He said that most of the states of the European Union agreed that there was a need to delay Brexit. He stated: “Most of the colleagues that I am talking to accept we will need longer to complete this process.”