The page you are looking for is temporarily unavailable.
Please try again later

US News Brexit Talks Begin With May Under Pressure to Get Soft Split

07:45  19 june  2017
07:45  19 june  2017 Source:   bloomberg.com

Brexit talks facing slight delay, David Davis reveals

  Brexit talks facing slight delay, David Davis reveals He also indicated “we will start down this process” by focusing on the divorce proceedings from the EU.The Brexit Secretary said the talks would take place that week, but not necessarily on the Monday due to the clash with the Queen’s Speech at Westminster.

(Bloomberg) -- Almost a year since Britons voted to leave the European Union, Brexit talks finally began on Monday amid confusion over what exactly the U.K. government wants from the divorce. Read more: Is Brexit looking hard, soft or scrambled?

Read more: Is Brexit looking hard, soft or scrambled?: QuickTake Q&A. Such conversations mark a shift from the pre-election talk of a “hard Brexit ” and May ’s onetime warning she would walk away from the talks if disappointed. Get in touch with our reporters.

What to watch next
  • The U.S. Economic Expansion May Be Headed for a Record

    The U.S. Economic Expansion May Be Headed for a Record

    Bloomberg Logo
    Bloomberg
    2:18
  • Trump Likely to Nominate Hester Peirce as SEC Head

    Trump Likely to Nominate Hester Peirce as SEC Head

    Bloomberg Logo
    Bloomberg
    1:22
  • Marchionne Says Fiat Chrysler Had No Intention to Cheat

    Marchionne Says Fiat Chrysler Had No Intention to Cheat

    Bloomberg Logo
    Bloomberg
    0:40
  • Morgan Stanley's Hornbach Weighs in on Fed Rate Hike

    Morgan Stanley's Hornbach Weighs in on Fed Rate Hike

    Bloomberg Logo
    Bloomberg
    4:04
  • The Macroeconomic Implications of Amazon-Whole Foods Deal

    The Macroeconomic Implications of Amazon-Whole Foods Deal

    Bloomberg Logo
    Bloomberg
    1:00
  • Greece Strikes Deal With Creditors

    Greece Strikes Deal With Creditors

    Bloomberg Logo
    Bloomberg
    1:29
  • Stifel Strategist Questions Amazon-Whole Foods Deal

    Stifel Strategist Questions Amazon-Whole Foods Deal

    Bloomberg Logo
    Bloomberg
    0:59
  • Amazon Makes Brick and Mortar Play on Groceries

    Amazon Makes Brick and Mortar Play on Groceries

    Bloomberg Logo
    Bloomberg
    1:23
  • How Qatar Crisis Could Shape the Middle East

    How Qatar Crisis Could Shape the Middle East

    Bloomberg Logo
    Bloomberg
    2:19
  • How Amazon-Whole Foods Deal Benefits Each Company

    How Amazon-Whole Foods Deal Benefits Each Company

    Bloomberg Logo
    Bloomberg
    2:43
  • Gutierrez Says Cuba a 'Tactical Payback' for Trump

    Gutierrez Says Cuba a 'Tactical Payback' for Trump

    Bloomberg Logo
    Bloomberg
    2:01
  • Vincent Reinhart Sees a Level Shift in U.S. Housing

    Vincent Reinhart Sees a Level Shift in U.S. Housing

    Bloomberg Logo
    Bloomberg
    2:25
  • Disney's Iger Says Competitive Taxes Are a Priority

    Disney's Iger Says Competitive Taxes Are a Priority

    Bloomberg Logo
    Bloomberg
    2:46
  • Tigress CIO Sees Brand Equity in Amazon-Whole Foods

    Tigress CIO Sees Brand Equity in Amazon-Whole Foods

    Bloomberg Logo
    Bloomberg
    2:42
  • Amazon Buying Whole Foods in $13.7 Billion Deal

    Amazon Buying Whole Foods in $13.7 Billion Deal

    Bloomberg Logo
    Bloomberg
    2:27
  • Marron Sees a Question of Tax Cuts Over Tax Reform

    Marron Sees a Question of Tax Cuts Over Tax Reform

    Bloomberg Logo
    Bloomberg
    2:25
UP NEXT
UP NEXT
Almost a year since Britons voted to leave the European Union, Brexit talks finally open on Monday amid confusion over just what the U.K. government wants from the divorce.

Merkel Expects U.K. to Stick to Brexit Timetable Amid Turmoil

  Merkel Expects U.K. to Stick to Brexit Timetable Amid Turmoil <p>Chancellor declines to speculate on U.K. remaining in EU</p>“The British prime minister said last night in Paris that she wants to stick to her timetable,” Merkel told reporters alongside German Foreign Minister Sigmar Gabriel at a press conference outside Berlin on Wednesday. “We accept what the British side says.

BRUSSELS (Bloomberg) - Almost a year since Britons voted to leave the European Union, Brexit talks finally open on Monday (June 19) amid confusion over just what the UK government wants from the divorce.

Macron Under Pressure to Deliver as Turnout Plummets in France Brexit Talks Begin With May Under Pressure to Get Soft Split Staying with the UK today sees Brexit negotiations officially begin . Chancellor of the Exchequer

What U.K. Brexit Secretary David Davis describes as the “most complicated negotiation of all time” begins at 11 a.m. in Brussels with Prime Minister Theresa May’s government already on the backfoot. An attempt to strengthen her hand by calling an election backfired and she’s run into further domestic strife since, while the 27 other EU members started out with more leverage anyway.

The electoral debacle has put May’s own position in doubt, fueling a new battle within her Conservative Party over the kind of Brexit the U.K. should seek. Some of her ministers want to refashion her strategy toward protecting trade with Britain’s biggest market rather than continue to aim for her original goal of winning control of immigration and law-making.

Brexit talks to focus on expats, UK’s ‘divorce bill’ and N Ireland border

  Brexit talks to focus on expats, UK’s ‘divorce bill’ and N Ireland border But Brexit Secretary David Davis insisted the UK still wants to negotiate trade with the EU “alongside” talks on the terms for Brexit.The European Commission said the one-day meeting between its chief negotiator Michel Barnier and Brexit Secretary David Davis will take place “as part of the sequenced approach to the talks” set out by the EU, which require progress to be made on withdrawal arrangements before any talks on trade can begin.

(Bloomberg) -- Brexit talks resume on Monday with Prime Minister Theresa May under pressure on two fronts: European negotiators are The move comes just as May ’s deeply divided cabinet had started to reach a consensus about what Brexit -- and the first years after the split -- should look like.

PM Theresa May is under increased pressure to get ' soft split .' With many polls suggesting Labour have closed in on Conservatives, we may find tomorrow morning's result with a hung parliament but after last years' Brexit result, we can be sure the polls are not too accurate.

May has yet to change tack formally and doing so would risk infuriating euroskeptics in her Tory party who might still prove strong enough to scupper a deal or to topple her as leader if they believe she’s backsliding.

David Davis.: 1497545227_David-Davis © Bloomberg via Getty Images/Bloomberg 1497545227_David-Davis “The election result increased the probability of extreme outcomes,” said Phillip Souta, head of U.K. public policy at Clifford Chance LLP. “If there is going to be a deal, it makes it more likely to be softer than before the election, but on the other hand the probability of no deal at all has increased.”

The negotiations start against the backdrop of a mounting domestic crisis in the U.K. May’s weakened post-election standing deteriorated further last week after she was slammed for misjudging the national mood following a deadly tower block inferno in West London. The public mood has also been shaken by a wave of terror attacks in recent weeks. Early this morning, a van collided with pedestrians near a mosque in North London. The number of casualties is not yet known.

Varadkar to have his first meeting with British PM

  Varadkar to have his first meeting with British PM Today, just five days after his election as Taoiseach, Leo Varadkar travels to London to meet British Prime Minister Theresa May. The meeting takes place as formal EU-UK Brexit talks finally open in Brussels and fresh efforts begin in Belfast to restore the power-sharing government. Mrs May is also in the process of trying to complete a support deal with the Democratic Unionist Party to return her embattled Conservative government to power.This afternoon's talks will be dominated by the interlinked issues of Brexit and Northern Ireland. Mr Varadkar spoke by phone to Mrs May on Thursday.

What UK Brexit secretary David Davis describes as the “most complicated negotiation of all time” begins at 11am in Brussels with Prime Minister Such conversations mark a shift from the pre-election talk of a “hard Brexit ” and May ’s onetime warning she would walk away from the talks if disappointed.

Brexit talks resume on Monday with Prime Minister Theresa May under pressure on two fronts: European negotiators are pushing her to The move comes just as May ’s deeply divided cabinet had started to reach a consensus about what Brexit -- and the first years after the split -- should look like.

In Brussels, Davis and the EU’s chief negotiator, Michel Barnier, meet with the U.K. keen to win back sovereignty without hurting its economy, while the EU’s aim is to maintain regional stability and stop inadvertently rewarding Britain’s decision to leave for fear of encouraging others to break away. Barnier plans to hold face-to-face meetings every four weeks and he and Davis will hold a press conference after Monday’s discussions.

How the negotiations progress will be monitored closely by investors and business leaders. Banks including Goldman Sachs Group Inc. say they will shift jobs from London to the EU if they fear their access to the bloc is jeopardized, while manufacturers in the U.K. such as carmaker Nissan Motor Co. warn against trade being hurt. The pound has fallen about 14 percent against the dollar since the June 23 referendum, pushing up inflation even as the economy shows signs of slowing.

Key Brexit Dates © Bloomberg/Bloomberg Key Brexit Dates Davis struck a conciliatory tone in a statement released overnight, emphasizing Britain and the EU’s “shared European values.”

Davis promises ‘special partnership’ as EU exit talks begin

  Davis promises ‘special partnership’ as EU exit talks begin The UK’s Brexit secretary David Davis said that Britain has started its EU exit talks in a “positive and constructive” tone as formal negotiations over withdrawal begin in Brussels 12 months on from the referendum. Standing alongside Michel Barnier, the EU’s chief negotiator, Mr Davis insisted the UK was “determined to build a strong and special partnership with our European allies and friends”.“There is more that unites us than divides us,” he said.

Brexit talks begin with May under pressure to get soft split . Brexit begins as EU receives divorce papers from UK. Brexit gets nasty as EU accuses Britain of unrealistic aims.

London: Brexit talks will resume with Prime Minister Theresa May under pressure on two fronts: European negotiators are pushing her to The move comes just as May 's deeply divided cabinet had started to reach a consensus about what Brexit - and the first years after the split - should look like.

“I want to reiterate at the outset of these talks that the U.K. will remain a committed partner and ally of our friends across the continent,” Davis said. Brexit will deliver “a deal like no other in history,” he added.

Up for debate in London now is whether to safeguard trade, perhaps by staying in the bloc’s tariff-free customs union temporarily or trying to win concessions on commerce by giving ground on immigration or the power of the European Court of Justice. Such conversations mark a shift from the pre-election talk of a “hard Brexit” and May’s onetime warning she would walk away from the talks if disappointed.

Without a majority for her Conservatives in the U.K. Parliament, May now says she will work to reflect the wide range of views on Europe that exist in Britain, a signal her Brexit policies could soften.

U.K. Chancellor of the Exchequer Philip Hammond said on Sunday he wanted a “jobs first” Brexit -- a hint that he believes economic concerns should be prioritized over the political demand to cut immigration from the EU. Freedom of labor movement is a tenet of EU membership and May initially interpreted the referendum result as a demand to stop that.

As the for EU side, it is expecting to have the final say on what Brexit entails no matter what the U.K. seeks. While denying they want to punish their neighbour, EU officials have warned Britain off trying to “cherry pick” the benefits of membership and said it will be left worse off outside the bloc than inside.

Surge in British applications to be French: report

  Surge in British applications to be French: report The number of British citizens applying for French nationality more than tripled last year compared with 2015 as Brexit looms, according to figures obtained by Le Monde newspaper on Tuesday.&nbsp;The figures showed 1,363 Britons in France applied to become French citizens in 2016, compared with 385 the previous year, a 254-percent increase.

Weakened UK Prime Minister Theresa May meeting French President Emmanuel Macron on Tuesday with both her position and her Brexit strategy in the spotlight. May is under intense pressure to soften her approach to Brexit days before EU divorce talks begin .

Politics. 'Walk away' Theresa May under pressure to quit Brexit talks and leave EU with NO DEAL. But if you go that route you have got to prepare for it, which is why we can't wait for the 59th minute of the 11th hour.

Failure to strike a deal before Britain automatically leaves the bloc on March 29, 2019, risks inflicting sweeping tariffs and uncertainty on both economies. Business leaders have already warned against such a “cliff edge” scenario and are eager to see a transitional period to give them time to adjust after the split.

Friday will mark one year since the referendum in which 52 percent of British voters chose to break four decades of ties to the EU. The vote followed decades of mounting skepticism toward a project initially based on free trade, and which became a lightning rod for complaints over rising immigration and bureaucracy.

The U.K. may already have made one concession. EU officials said last week that Britain now agreed with them the early part of the talks should focus on the rights of citizens living in each other’s economy, the financial settlement the bloc argues the U.K. owes and maintaining a soft border between the Republic of Ireland and Northern Ireland.

Only when “sufficient progress” is made on these matters is Barnier willing to turn to the “bold and ambitious” trade deal that May wants, a pivot most doubt is unlikely to happen much before October.

The U.K. is reportedly planning to make a generous offer to the 3 million EU nationals living in Britain so long as it’s reciprocated for the 1 million Britons residing on the continent.

The so-called Brexit bill is likely to be the biggest hurdle in the early negotiations. EU officials have indicated it could run as high as 100 billion euros ($112 billion) in gross terms as they push Britain to cover past budget commitments. The U.K. has ruled out paying such a sum, suggesting it could seek a chunk of the EU’s assets as part of a “fair settlement,” although it might have to pay something to ease a trade accord.

Once the divorce is agreed, the talks will focus on that future trade deal that May wants and which she says should feature financial services. Talks must be wrapped up by the end of 2018 to allow the European and British Parliaments to rubber-stamp them, making it questionable May can secure what she wants in the timeframe allowed.

While French President Emmanuel Macron and German Finance Minister Wolfgang Schaeuble last week said the U.K. would be welcomed back if it decided to reverse Brexit, polls suggest little momentum behind a rethink. A Survation survey released on Monday for Good Morning Britain showed 51 percent of respondents would choose to stay in the EU now, but YouGov reported last week that 77 percent of Britons wanted the referendum result acted upon.

To contact the reporters on this story: Ian Wishart in Brussels at iwishart@bloomberg.net, Tim Ross in London at tross54@bloomberg.net, Simon Kennedy in London at skennedy4@bloomberg.net.

To contact the editors responsible for this story: Alan Crawford at acrawford6@bloomberg.net, Simon Kennedy at skennedy4@bloomberg.net, John Fraher

©2017 Bloomberg L.P.

May to Detail U.K. Plans for EU Citizens as Davis Pledges Fight .
Prime Minister Theresa May is to pad out her plan for safeguarding the rights of EU citizens living in the U.K. beyond Brexit after continental leaders criticized Britain’s initial proposal and her government braced to defend a key part of it. On Monday, May will publish details of how she intends to protect the rights of 3.2 million European Union nationals residing in Britain once her country has left the bloc in 2019.EU leaders last week said May’s first pitch didn’t go far enough and risked costing people rights, but Brexit Secretary David Davis said on Sunday that the U.K.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!