British Prime Minister Theresa May gave the most detailed description yet for her vision of Brexit in a speech Tuesday, and her words triggered a bout of selling on London's FTSE index, which was down more than 1%.
What she said:
The U.K. will pursue an equal partnership between a fully independent Britain and the EU — no "half-in, half-out" arrangements will be sought
Her top priority will be ending the jurisdiction of the European Court of Justice in Britain, and bringing back to Parliament full control over immigration policy
May would like to achieve these goals while still pursuing strong free trade arrangements with the EU and the rest of the world.
We do not seek to adopt a model already enjoyed by other countries. We do not seek to hold on to bits of membership as we leave... The United Kingdom is leaving the European Union. My job is to get the right deal for Britain as we do. —British PM Theresa May, in excerpts from a speech to be delivered today
The 'One China' policy is non-negotiable ... The government of the People's Republic of China is the only legitimate government representing China ... That is the fact acknowledged by the international community and no one can change. — Chinese ministry spokesman Lu Kang
