The rumors that UK would stay in the customs union after Brexit triggered a strong rebound in the Pound earlier today. But UK Prime Minister Theresa May was quick to clear up the air.
She said, “No, we are not [climbing down]. The United Kingdom will be leaving the customs union, we are leaving the European Union. Of course we will be negotiating future customs arrangements with the European Union and I have set three objectives; the government has three objectives in those.
“We need to be able to have our own independent trade policy, we want as frictionless a border [as possible] between the UK and the EU so that trade can continue and we want to ensure there is no hard border between Northern Ireland and Ireland.”
