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Belgium: UK 'will lose out' after Brexit whilst becoming EU competition - Merkel02:19

Belgium: UK 'will lose out' after Brexit whilst becoming EU competition - Merkel

Belgium, Brussels
October 18, 2019 at 17:08 GMT -00:00 · Published

While UK is likely looking to become EU's competitor in research, tax policy and digitalisation following its exit from the union, its departure from the single market will probably come at a cost, according to German Chancellor Angela Merkel speaking in a press briefing in Brussels on Friday.

"Great Britain will, of course, lose out somewhat. Easy access to the internal market, being part of the internal market, is a tremendous advantage," said Merkel speaking on the second day of the EU summit.

Merkel once again condemned Turkey’s offensive into northern Syria saying, “We now have to see whether the ceasefire brought about by the help of the US administration yesterday will contribute to a settlement of the conflict.

Belgium: UK 'will lose out' after Brexit whilst becoming EU competition - Merkel02:19
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While UK is likely looking to become EU's competitor in research, tax policy and digitalisation following its exit from the union, its departure from the single market will probably come at a cost, according to German Chancellor Angela Merkel speaking in a press briefing in Brussels on Friday.

"Great Britain will, of course, lose out somewhat. Easy access to the internal market, being part of the internal market, is a tremendous advantage," said Merkel speaking on the second day of the EU summit.

Merkel once again condemned Turkey’s offensive into northern Syria saying, “We now have to see whether the ceasefire brought about by the help of the US administration yesterday will contribute to a settlement of the conflict.

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