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The Conservative MP stated that the UK’s reluctance to adopt the Euro as the country’s currency meant that Britain neglected a key feature of being part of the Eurozone. The Brexiteer added that this resulted in the UK not being able to attend some European Union meetings regarding the Euro.
Mr Redwood said: “I wish our neighbours success, one of my reasons for wanting the UK to leave the EU is because I knew we would never join the Euro.
“The Euro is a central feature of integration which they seek for their zone.
“I think we were living a lie in the EU by not wishing to join the Euro.
“There were meetings where they needed to take decisions for the sake of the Euro but we couldn’t go along because it was not relevant to us.”
The Brexiteer argued the EU’s economic model meant the wealthier, northern states shouldered the financial burden of the entire bloc.
He said: “If they don’t want that model then they have got serious problems. And that is why they have had periodic Euro crises.”
Earlier today the BBC’s Europe Editor has revealed that negotiations regarding a post-Brexit trade agreement are pulling the UK and the EU further apart.
Katya Adler told BBC Radio 4’s Today Programme there have been “real clashes” in talks between the EU and the UK over a trade deal post-Brexit.
Ms Adler added that the trade talks have not been drastically affected due to circumstances of the COVID-19 coronavirus outbreak.
The BBC’s Europe Editor said: “I think if you look at normal trade negotiations it is quite natural in round four of negotiations to expect drama and clashes but then there would normally be time for everybody to calm down.
“I think what is not normal about these negotiations is first of all trade negotiations are generally about bringing sides closer together.
“These negotiations are actually pulling the UK and the EU further apart after us having been members of the EU.
“COVID-19 has made it far from normal, negotiations have faltered because of it, they have been delayed.
“Now the negotiations are taking place screen to screen instead of face to face which means when there are real clashes you can’t have that walk around the block to try and untangle them.
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“Also, the timetable means there is not a lot of time to work out sticking points between the two sides.
“This month is the last moment the EU and UK can say that we need to talk past the end of this year.”
In June 2016 the UK voted to leave the European Union.
The UK Government has stated that Britain will leave the European Union at the end of 2020 when the transition period expires.
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