EU spells out conditions for single market access to Britain

“Leaders made it crystal clear that access to the single market requires acceptance of all four freedoms – including freedom of movement”, the former Polish premier said.

Mr. Cameron addressed the House of Commons on his meeting with European Union leaders on Tuesday, saying there had been sadness and regret at Britain’s decision to leave, but European Union leaders were prepared for constructive discussions.

US President Barack Obama says Britain’s decision to leave the European Union will raise concerns about long-term global growth.

Cameron told his 27 counterparts over dinner on Tuesday that their refusal to give him a deal that reduced immigration to the United Kingdom had cost him the referendum and his job, according to a British government official.

European Union leaders warned the United Kingdom that if it wants to continue to enjoy the seamless single market after its departure, it would also have to accept that European Union citizens can continue to enter Britain.

He also said Britain should seek full access to the EU’s single market, but that it will be hard to get that without accepting the free movement of people as well.

Under Britain’s fiscal charter, the finance ministry should deliver a budget surplus by the end of the 2019/20 financial year and each year thereafter during “normal times”.

Scots overwhelmingly backed “Remain” in last Thursday’s vote, and the combative Ms Sturgeon has said she was “utterly determined to preserve Scotland’s relationship and place within the EU”.

Cameron, staying on as caretaker until a successor is found, told European Union leaders at his final summit with them on Tuesday that he believed the referendum was lost over the principle of unrestricted travel among European Union citizens. Leaders instead agreed to pause for “political reflection on the future” and return to the issue at an extra summit in September in Bratislava, Slovakia. “I do not think it would be right for me to try to be the captain that steers our country to its next destination”, he said in his resignation statement. Le Pen may appear to have a clear road to the prime ministership in France, for instance, but she, like Trump, may face strong reactions against the National Front’s thinly disguised racism, France-first sloganeering, and promises to overturn the ideals of multiculturalism and community. She said that combating youth unemployment, for example, could involve both scrapping EU directives and deepening European cooperation. It could also prompt an unraveling of the United Kingdom.

French President Francois Hollande highlighted the threat to the City of London’s position as the euro zone’s offshore financial centre, saying other European cities should prepare to do clearing in euros once Britain leaves.

Nominations for a new Conservative leader to replace Mr Cameron have opened. Former London Mayor Boris Johnson and Home Secretary Theresa May are also expected to run. He plans to leave office by October and let Britain’s next prime minister start the formal process of exiting the EU.