UK can avoid euro but must accept free movement to rejoin EU, says former top Brexit negotiator – UK politics live
Summary
Former EU Brexit negotiator Michel Barnier said the UK could negotiate to rejoin the EU without committing to adopt the euro. He said joining the single market would require accepting free movement and that the EU would not allow the UK to choose only some single-market rules.Key Facts
- Michel Barnier led the EU’s negotiations during the Brexit process.
- Barnier said a negotiation on rejoining could begin without an obligation to join the euro area.
- EU law requires new member states to join the euro area, though six current members do not use the euro and Denmark has a formal opt-out.
- Barnier said joining the single market would require accepting free movement.
- He said the EU would not allow the UK to choose selected parts of the single market.
- The article also reported that the Bank of England was expected to announce an interest-rate increase that day.
- Nigel Farage, Reform UK leader, was due to hold a press conference with Danny Kruger.
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