There needs to be a "grown-up and sensible" approach to negotiating a new relationship between Britain and the European Union based on tariff-free access to the bloc's single market, Nigel Farage, the leader of the UK Independent Party.
"If you were to decide to cut off your noses to spite faces and to reject any idea of a sensible trade deal, the consequences would be far worse for you than it would be for us," the EU lawmaker told his counterparts in the European Parliament.
"Let's cut between us a sensible tariff-free deal and thereafter recognize that the UK will be your friend, that we will trade with you, we will cooperate with you, we will be your best friends in the world," Farage added.
Meanwhile, EU Commission President Jean-Claude Juncker accused Farage of deliberately misleading the public with a claim that Britain pays 350 million euros (388.4 million dollars) a week to the EU, telling him: "You lied. You did not tell the truth."