Theresa May has told the British Cabinet that she will not agree a withdrawal deal with the EU “at any cost”. The Prime Minister said any agreement will be dependent on an “acceptable” framework for future relations in areas like trade and security, expected to be covered in a separate political declaration.Add your comment!
Brussels and Downing Street have played down speculation about a breakthrough in Brexit talks. Reports that a Brexit deal could safeguard the City’s access to European Union markets led to an increase in the value of sterling.
European Union (EU) Commission President Jean-Claude Juncker Wednesday Wednesday said Venezuelan ruler Nicolás Maduro has become “a matter for the international justice system” and needs to “be brought before the courts.”
An extended Brexit transition period is not an alternative to the EU’s backstop proposal, Irish premier Leo Varadkar has warned. The Taoiseach said he is open to the idea of an extension but it fails to resolve the border issue.
Moody's has cut Italy's credit rating by a notch over concerns about plans for larger deficits and the high public debt load as the country's populist government clashes with Brussels over its budget. The European Commission formally warned Italy late Thursday that its budget plans for 2019 are a serious concern, launching a high-stakes process that could see Rome hit with unprecedented sanctions for breaking commitments to Brussels.
Britain would be welcomed into the Trans-Pacific Partnership trade pact “with open arms” by Japan, the country’s prime minister has said. Shinzo Abe also urged the use of “wisdom” during Brexit talks in order to avoid a no-deal withdrawal from the EU.
Unworkable”, “unacceptable”, “impasse”, are some of the words used to describe Brexit talks between Britain and the European Union do little to temper concerns that the two are heading for a chaotic divorce. But behind the scenes, both sides are preparing concessions as part of what one British official called “a constructive dialogue” that could yet lead to a deal.
Conservatives cannot afford to look like the party of “no change”, British Chancellor Philip Hammond has warned colleagues. Mr Hammond said the Tories could not “outspend” Jeremy Corbyn's Labour with “short-term gimmicks”. Instead he said they urgently needed to make the case for capitalism and “take our people with us”.
Nicola Sturgeon has raised Scottish concerns over Brexit in a meeting with chief EU negotiator Michel Barnier. The first minister said they held a “constructive and positive discussion” during her trip to Brussels. She said she told Mr Barnier that the Scottish government believed the UK should remain within the customs union and single market after leaving the EU.
Chancellor Philip Hammond has criticized claims from European Union officials that Britain has a “fantasy” approach to Brexit negotiations. Mr Hammond insisted that talks with EU officials were “constructive” after reports from the continent that Britain was being “unrealistic” and little progress made in discussions in recent days.