Brexit and arrangements for science and technology

Companies in Britain and the European Union face an extra 58 billion pounds ($80 billion) in annual costs if there is a no-deal Brexit, with Britain’s vast financial sector set to be the worst-hit industry, according to a report on March 12.

British Prime Minister Theresa May called on March 2 for a deep partnership with the European Union after Brexit, setting out ambitions for a tailor-made deal with independent arbitration and new arrangements for regulation and financial services.

Theresa May is to spell out her aims for UK-EU trade after Brexit, declaring she hopes to agree an "ambitious economic partnership" with the bloc.

In a major speech at the Mansion House, in the City of London, the Prime Minister will claim Britain will become "a champion of free trade" after Brexit.

Prime Minister Theresa May has warned that European citizens arriving in Britain after Brexit next year may lose some rights, setting up a clash with the European Union over their treatment during any transition period.

Theresa May has insisted the jurisdiction of the European Court of Justice in the UK will come to an end with Brexit, BBC reports.

As the government published new details of its position, the PM said the UK would "take back control of our laws".

Britain does not intend to lower taxes far below the European average in order to remain competitive after Brexit but rather expects to keep a recognizably European economic and social model, finance minister Philip Hammond said.