Search ForexCrunch

Reuters quotes the  European Union (EU) diplomatic sources and officials, commenting on the all-UK Irish backstop.

Key Highlights:

The EU wants the UK to stick to the bloc’s rules on state aid, environment and workers’ rights after Brexit to prevent it from gaining unfair access to the Europeans’ single market.

The EU sees this as key to ensuring a “level playing field” should the so-called Irish border backstop kick in after Brexit.

A source said: “It is important that Britain would not undercut our own products on our own market in the all-UK Irish backstop.”