UK treasury chief accuses EU of paranoia over Brexit

BERLIN — Britain's treasury chief has accused the European Union of "paranoia" over Brexit.

Philip Hammond says the EU should stop threatening to punish Britain for its decision to leave the bloc and instead offer a positive vision for what a post-Brexit relationship might look like.

British officials are trying to put the onus on Brussels in the divorce negotiations and downplay the idea that quitting the EU might end up harming Britain.

Hammond told German weekly Welt am Sonntag in an interview published Saturday that those hoping London might do a U-turn on Brexit should "stop harking on about this illusion."

Hammond also was quoted as saying that a future free trade deal between Britain and the EU has to include services, which make up 80 percent of the U.K. economy.

People also read these

Changes at Ralph Lauren come at cost investors...

Aug 10, 2016

Ralph Lauren swung to a quarterly loss after the company spent heavily to turn itself around, but...

Rowing canceled as skies darken over Rio Olympics

Aug 10, 2016

Rowers packed up their oars for the day while cyclists hit slippery roads on skinny time-trial...

'Truly a piece of evil': 'Grim Sleeper' sent to...

Aug 11, 2016

A Los Angeles serial killer known as the "Grim Sleeper" has been sentenced to death for the murders...

Colbert to air live after Trump-Clinton...

Aug 10, 2016

Stephen Colbert, who capitalized on the political conventions with live broadcasts, will do the...

Refugee athletes from Congo find joy simply in...

Aug 10, 2016

Refugee athletes Yolande Bukasa and Popole Misenga competed in judo at the Rio Olympics, and they...

About Us

The World Insiders brings you exclusive coverage from across the globe in a timely, easy to consume format sourced directly from our regional media partners.

Contact us: sales[at]theworldinsiders.com

Subscribe Now!