EU tells UK single market access requires full free movement

While Cameron has returned from the corridors of European power, Scottish First Minister Nicola Sturgeon is in Brussels Wednesday to court European leaders over ways Scotland could potentially remain in the EU.

Britain will have to accept freedom of movement of immigrants if it wants to retain access to the European Union’s single market after leaving the 28 member bloc, EU leaders warned on Wednesday. “There will be no single market “à la carte”, Tusk added.

“And this morning it looks like they aren’t sitting at the table any more”, European Commission President Jean-Claude Juncker said as he arrived Wednesday.

London’s FTSE 100 index rose 2.2%, clawing back most of the losses inflicted in the immediate wake of the Brexit vote. And Sterling crept up a further cent against the USA dollar, after plummeting to a 31-year low earlier in the week.

“U.S. banks such as JP Morgan Chase, Citi, Goldman Sachs, Bank of America and Morgan Stanley have large operations in London, and many jobs may be at risk to relocate to other financial centers in Europe…” “I don’t resile from any of the warnings I made during the referendum campaign, but we have got to work through this”.

“At a time when global growth rates were weak already, this doesn’t help”, the president said. We are now seeing those things. “There’s no doubt in my mind these are going to be hard economic times”, Cameron told parliament.

“After meeting thousands of people in the course of the campaign, I can tell you that the number one issue was control – a sense that British democracy was being undermined by the European Union system, and that we should restore to the people that vital power: to kick out their rulers at elections, and to choose new ones”, he wrote in his regular column. “That’s something the new prime minister and cabinet will have to think about very carefully”.

“My impression is that if you are over years, if not decades, telling your public that something is wrong with the European Union, that this European Union is too bureaucratic, too technocratic you can not be taken by surprise if voters believe you”, he said.

One of Britain’s biggest companies Vodafone, considered moving its group headquarters because of the vote.

Immigration to the United Kingdom, particularly from poorer European Union countries, was a key issue in the referendum campaign. “It might be in my party’s interest for him to sit there, it’s not in the national interest and I would say ‘For heaven’s sake, man, go'”.

In reply, Mr Schulz said he had “listened and learned”. “If the Remain campaign could fight a second referendum with a proper answer to the question of immigration it should be able to win fairly easily”. This is something that is very clear to the left now ruling in Greece, Italy and France.

Mr Cameron last night laid the blame for Britain’s exit at the feet of European Union bosses after they failed to give him immigration controls.

“The British people want control of immigration”.

In an effort to prevent further exits, European leaders agreed on Wednesday they need to do more to battle “dissatisfaction with the current state of affairs”, their joint statement said.

Leaders also reiterated calls for Britain to act quickly in launching the exit clause, known as Article 50, of the EU’s Lisbon Treaty, saying they will hold no Brexit negotiations with London beforehand.

She said she had had a “sympathetic response” from European Union leaders, and if there was a way for Scotland to stay in the European Union she was “determined to find it”.