The UK is ready to change the economic model

UK, if necessary, ready to change the current economic model after an exit from the EU (Brexit). This was stated by the official representative of the British Prime Minister Theresa may.

Earlier the Finance Minister of great Britain Philip Hammond already reported that the country with the aim to remain competitive may change its economic model, if Brexit will not be able to retain access to the single market.

The Minister has not explained what these new models can be discussed, and how it differs from the current.

According to the representative may, Prime Minister shares the opinion of Hammond, adding that Britain wanted to preserve the European tax system. However, if Britain does not get the desired trade agreements with the EU, she would be willing to change the existing economic model.

We will remind, earlier the pound fell to three-month low. The market reaction associated with a message in the newspaper The Sunday Times that Prime Minister Theresa may will this week inform “hard Brexit”. It is expected that she will say that they are ready to leave the single European market in exchange for the return of control over the borders of the UK.