EU Chief Jean-Claude Juncker Wants UK To Rejoin EU After Brexit

But her insistence comes after European Union figures again put pressure on the United Kingdom over having to agree an exit settlement, which reportedly could rise to 60 billion euro (£52 billion), potentially before talks on a new trading relationship can begin.

Britain has said it would prefer parallel talks on its divorce terms, likely to include a bill to pay and the issue of citizens' rights, and its future trade and economic relations with the 27 European Union countries. The timing is awkward since Britain is to announce officially before the end of the month that it intends to leave the EU.

It remains unclear what the UK's relationship with the EU customs union will be following Brexit.

Once Article 50 is triggered, the United Kingdom and the remainder of the European Union will have two years to conclude negotiations before Britain's membership finally ends.

The statement comes amid signs that UK Prime Minister Theresa May could activate Article 50, the formal notification of intention to withdraw, as early as Tuesday of next week. At that point, the United Kingdom will no longer be a part of the customs union to which all 28 member states belong, a development that has some anxious in light of these reports. "If you went out on the street today and said to the ordinary member of the public, should the government prepare for all outcomes, they would say of course".

According to OLAF, customs fraud grew in Britain while several other European Union nations took action to prevent it.

The Guardian supplied a real-world example that should have raised a red flag: Importers declared the price of women's trousers to be 0.91 euro (96 cents) per kilo while the price of cotton is 1.44 euro ($1.52) per kilo.

A senior French anti-fraud investigator said the United Kingdom had mostly not responded to requests to trace goods. "UK authorities are not interested at all in cooperating in this field, probably because the phenomenon does not directly affect them", he said. "We can not return to a hard border", he said. "This doesn't bode well for reckless plans to leave the customs union and set up border checks for all goods coming into the United Kingdom".

"We'll compete fairly for business, quite a substantial number of financial institutions or banks intend to make decisions to either move, or move sections or sectors of their business out of London", he said. This report is not a bill. "HMRC are looking at it now".

  • Zachary Reyes