U.K.'s May Warned of 'Extremely Tough' EU Negotiations
U.K. Prime Minister Theresa May is embracing populism in a way that’ll help keep the rest of the European Union united against her when she triggers talks on leaving the bloc, said a leading EU lawmaker from Germany who predicted Britain would pay a hefty economic price for Brexit. Manfred Weber, leader of the Christian Democrats in the European Parliament, told Bloomberg's Caroline Hyde in Berlin that May’s vow to give priority to regaining U.K. control over immigration at the expense of losing privileged access to the EU single market mimicked the U.K. Independence Party. She outlined her Brexit stance at a Conservative Party conference in early October.