German MEP Sven Giegold has demanded Britain to cancel all existing tax haven policies and cut its relationships with main partners in the British Commonwealth, as negotiations continue with Brexit. In his opinion, Prime Minister Theresa May would have to cut off UK ties with the British Virgin Islands, the Cayman Islands, Jersey and the Isle of Man.
The British Commonwealth states including the British Virgin Islands all currently trade with UK under existing EU rules and regulations. There are almost two and a half billion people living in 52 independent and equal sovereign states.
By words of German MEP who is Green party representative, “The Greens cannot accept that, post Brexit, the UK maintains such a degree of influence over financial markets legislation in the union… On the contrary the negotiations present a good opportunity to ensure that the UK does finally end all tax haven policies…This is in the best interest of Europe as a whole as well as more equality in Britain.”
However these demands have been treated as excessive by Ukip who said that the attempt to interfere with the UK strategic relationships is unacceptable.