UK ministers have been told judgment day is coming over Brexit as the UK and EU strive for a deal within 48 hours. Officials are trying to hammer out an agreement on the terms of the UK's exit by Wednesday to enable EU leaders to agree it by the end of the month.Add your comment!
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!
A deal on the Irish border to break the Brexit deadlock is not close, the EU’s chief negotiator said on Tuesday. Michel Barnier was speaking as Theresa May briefed the Cabinet on her plans to achieve a breakthrough in time to secure a special Brexit summit to seal an agreement in November.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.
Germany has urged UK's Theresa May to “take responsibility” for Brexit, as a crunch summit approaches with no sign of any breakthrough in negotiations. The Prime Minister was briefing senior ministers in an extended session of Cabinet ahead of Wednesday’s European Council meeting at which it had initially been hoped to conclude the UK’s withdrawal deal.
Downing Street has played down expectations of agreement on Britain’s withdrawal from the EU at a crunch summit next week, warning that “big issues” remain to be resolved. Theresa May’s official spokesman said further concessions were needed from the EU side, and warned that no withdrawal agreement could be sealed without a “precise” declaration about the post-Brexit relationship.
A spokesman for the European Commission said calmness not drama was needed during the critical end phase of negotiating a withdrawal agreement between the European Union and the United Kingdom.
The European Union is ready to address key British concerns over Northern Ireland, the EU’s chief negotiator Michel Barnier said on Tuesday, in a clear push to get a Brexit deal effectively done in the next month.
A no-deal exit from the European Union would deliver a “hammer blow” to the British economy, the head of the CBI has warned. The business body’s director general Carolyn Fairbairn said the country should get behind Prime Minister Theresa May’s Chequers proposals as a blueprint for a Brexit deal.
Sterling surged against the dollar and Euro on Monday after the European Union's chief negotiator said a Brexit deal was “realistic in six to eight weeks”. For the second time in less than a week, Michel Barnier has signaled his desire to move ahead on the Brexit negotiations, less than seven months before the United Kingdom is slated to leave the European Union on March 29, 2019.