UK's Theresa May sets out vision for frictionless trade after Brexit

British Prime Minister Theresa May called for a deep partnership with the European Union after Brexit, setting out ambitions for a tailor-made deal including financial services but accepting EU regulation of chemicals, medicines and aerospace industries.

In an attempt to add detail to Britain's negotiation on leaving the EU, May mixed concessions with a plea for a deal that would keep trade flowing between the world's biggest trade bloc and Britain's $2.7 trillion economy.

May proposed having either a customs partnership, where Britain would implement EU tariffs on its border for goods intended for the EU but could set different ones for goods going elsewhere, or a streamlined customs arrangement, where jointly implemented measures would minimise frictions to trade.

But she also proposed Britain having access to the EU's financial markets in return for having similar standards to those of the EU, which would in turn keep access to Europe's biggest and deepest markets in London.

Four killed in New Year London stabbings

Four young men have been killed in stabbing incidents in London amid New Year celebrations, the Met Police said.

Three were stabbed on New Year's Eve and a fourth in the early hours of New Year's Day in unrelated incidents, BBC reported on Monday.

Another young man stabbed on New Year's Day is in a critical condition in hospital.

Five men have been arrested over the death of an 18-year-old in Larmans Road, Enfield. No other arrests have been made.

In the other attacks, a 20-year-old man was fatally stabbed in Memorial Avenue, West Ham, and a 17-year-old boy was killed in Norwood Road, Tulse Hill, on New Year's Eve.

Early on New Year's Day, a 20-year-old man was fatally wounded in Bartholomew Court, Old Street. A second man in his 20s suffered critical stab injuries in the same incident.

The fatalities in the final hours of 2017 took the number of people stabbed to death in the capital last year to 80, the Met said.

Commander Neil Jerome said: "I am grateful to Londoners and visitors to the capital who co-operated with police to enable the vast majority of people to enjoy New Year's Eve.

"However, there were small groups who chose to engage in disorder and violence, and whose actions have had utterly tragic consequences.
READ MORE