British PM Theresa May's spokesman says talk of hard Brexit is 'speculation'

Theresa May's spokesman has denied reports that the British Prime Minister will unveil plans for a "hard" Brexit this week.
Theresa May's spokesman has denied reports that the British Prime Minister will unveil plans for a "hard" Brexit this week.PHOTO: REUTERS

DAVOS, SWITZERLAND (REUTERS) - Media reports that British Prime Minister Theresa May will unveil plans for a "hard" Brexit in a speech this week are "speculation", her spokesman said on Monday (Jan 16).

Newspapers have suggested May's speech on Tuesday will outline plans to prioritise immigration controls and bilateral trade deals with Britain leaving the EU's single market and customs union.

Asked whether the markets were right to expect an indication of a "hard" Brexit with no access to the single market, the spokeswoman said: "It's speculation."

The pound fell as much as 1.5 per cent on Monday, hit by media reports that May will signal Britain is on course for a "hard" Brexit from the European Union.