Britain's May seeks new trading relationship with EU as £ slides

London

THE UK will need a completely new trading relationship with the European Union after its withdrawal, Prime Minister Theresa May said, as the pound fell on fears that she'll pull the country out of the single market.

"It will be a new relationship because we won't be members of the EU any longer," Mrs May told reporters on Monday after setting out her vision for social reform in a speech in London. "We will be outside the European Union and therefore we will be negotiating a new relationship across not just trading but other areas with the European Union."