6 November 2016 12:16:38The Brexit vote is seen as a test of the country’s economic prospects and a warning of the consequences of leaving the European Union.
In recent weeks, the UK has become a focal point of debate on the Brexit vote.
In particular, the British pound has fallen against the euro and other currencies and is expected to weaken further.
The EU has said that it will allow the pound to weaken to a more acceptable level as it has been able to sell its bonds in the past and in recent years have also allowed banks to lend in euros and sterling, but that this is not sufficient to support the economy and that the pound must be backed by more robust currency.
In a speech on Wednesday, the EU’s chief negotiator, Michel Barnier, said that the UK must also show a willingness to negotiate with the EU and a willingness that it does not leave the EU without any guarantees.
“The UK must be ready to negotiate to make it clear to the EU that there is a possibility that it may be able to stay in the EU with the full or partial guarantee of membership in the European Economic Area,” Barnier said.
The BBC’s John Sudworth says the UK is facing a dilemma on the issue.
Theresa May says the EU must guarantee the UK’s EU membership, but she is in danger of upsetting the British people, our correspondent says.
In a statement, May said the UK was committed to its “core values of openness, democracy, rule of law, and the rule of the law” and would be taking its time to get the deal it wants.
She also said she would be “looking to work closely with our European partners and other partners to secure a mutually acceptable and lasting settlement for the UK in the interests of our people, economy and the wider European community.”
However, the BBC’s Anna Holligan says there are a number of unanswered questions about the negotiations.
Read more about the EU, the referendum, the pound, euro, euro zoneFirst Listen to The Political Show with Andrew Marr, Monday 5:30pm to 9:00pm GMT.”
There is also the question of whether there is any appetite in the UK for a hard border and, if so, whether there are concerns about a hard Brexit.”
Read more about the EU, the referendum, the pound, euro, euro zoneFirst Listen to The Political Show with Andrew Marr, Monday 5:30pm to 9:00pm GMT.
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