New UK PM Rishi Sunak Looks To Settle Outstanding Issues Over Northern Island And The EU

Britain’s newly installed Prime Minister Rishi Sunak spoke with US President Joe Biden on the phone Tuesday evening, and among the topics the leaders discussed were the outstanding issues over Northern Ireland and the European Union.

A statement released by Downing Street said that “the Prime Minister and President Biden also agreed on the need to ensure the people of Northern Ireland have security and prosperity through preserving the Belfast (Good Friday) Agreement.”

The topic of Northern Ireland and the Irish border is among a number of issues that remain unresolved since Britain’s exit from the European Union on January 1, 2021. 

Cambria Gold Mines — sponsored Sponsored · Cambria Gold Mines

The Good Friday Agreement, which ended sectarian conflict in Northern Ireland, established Belfast’s current system of government and essentially abolished visible signs of the Irish border, is now in jeopardy after the British government introduced legislation earlier this year seeking to change the original Brexit agreement, which European Union officials say would also breach international law.

The bill, which was passed in the lower house, is now being debated in the upper house of Parliament, while former PM Liz Truss restarted talks to resolve the matter with the EU during her short tenure. Taking over after Truss, Sunak is expected to take a more “pragmatic” approach to the Northern Ireland protocol, compared to predecessors Truss and Boris Johnson. 

According to the Irish Times, a common view in the Irish Government is that the new PM — whose primary focus will be the economy: stabilizing the pound and cutting down borrowing costs on the international markets, and addressing public finances — will want to avoid any conflict that would risk a trade war with the EU. 

Sunak himself said in May that he favors a negotiated settlement. “Our preference has always been to have a negotiated settlement,” Sunak told Bloomberg. “What we need to see is a degree of flexibility.”


Information for this briefing was found via Axios, The Irish Times, CNBC, and the sources and companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

This Copper Mine Costs 1/6 to Restart | SSR Mining X Roxmore

Why Cambria Hit Pause on Its Massive Copper-Gold Spinout

Can Gold Rescue Washington From Its Debt Trap? | Andy Schectman – Miles Franklin

Recommended

Mercado Minerals Lengthens El Triunfo Vein by 190 Metres, Readies 1,500-Metre Zamora Drill Program

Blue Jay Gold Signs Ocean Partners Deal to Ship Steller Stockpiles Through 2027

Related News

US Moves Again To Boost Local Nuclear Industry

The Biden administration has announced steps to bolster the domestic nuclear industry and advance America’s...

Thursday, May 30, 2024, 02:40:00 PM

Donald Trump Wants to Do A Cognitive Test with President Joe Biden

Former President and GOP nominee for the 2024 presidential election Donald Trump has suggested that...

Thursday, July 18, 2024, 01:42:00 PM

Biden To Sell Additional 26 Million Barrels From Reserve, Thanks To Obama

US President Joe Biden’s administration intends to sell more crude oil, with 26 million barrels...

Tuesday, February 14, 2023, 10:47:00 AM

Uranium Energy Corp: Biden’s Support For Nuclear Plant Subsidies Constructive For Miners

In her May 6 testimony before the Appropriations subcommittee of the U.S. House of Representatives,...

Sunday, May 16, 2021, 09:00:00 AM

Joe Biden Assures Americans That Upcoming Inflation Print Doesn’t Reflect Current Economic Reality

Joe Biden has assured Americans that there is no need to believe Friday’s inflation numbers,...

Friday, December 10, 2021, 10:22:00 AM