Wednesday, November 8, 2017

ONE MONTH TO PAY: Ultimatum on Brexit bill hangs over UK to move to trade talks

THE UK government has just one month to make offers on the Brexit divorce settlement if they want European Union trade talks to begin in December.

The EU has warned the UK it must make a financial offer within the next month
Despite EU members beginning to prepare for trade talks with the UK, talks have stalled since Theresa May’s Florence speech, with EU chiefs saying her offer of €20billion was not good enough.

And EU chiefs refuse to move to phase two of negotiations until “sufficient progress” is made on the divorce terms – largely surrounding the exit bill.
Senior officials in Brussels say the EU will not agree to trade talks at its December summit if more is not offered.

Fri, October 20, 2017
The EU is expected to say that they will start internal preparatory work on a post-Brexit transition period and a future trade deal with Britain
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Emmanuel Macron holds a press conference on the second day of European Council meetings
Italy’s Europe minister, Sandro Gozi, said there remains “a lot to do on financial obligations”.
The other main divorce issues are EU nationals’ rights in the UK, the status of the Ireland-Northern Ireland border.

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During Mrs May’s Florence speech, she pledged the UK will “honour commitments we have made during the period of our membership”.
Brussels have demanded as much as £53 billion, which Mrs May could be willing to accept so talks can progress to Britain’s relationship with the bloc in December.
However, if the money is paid, Mrs May could face criticism in the UK for bowing down to the EU’s demands.

Barnier has said not enough progress has been made to move to the next stage of talks
An EU official said: “Some believe that the worse it gets for the British, the better for us, that maybe we could delay it all until for instance March, increasing the uncertainty and triggering the contingency plans in the corporate sector.

“That would be ruthless and risky, but people have different views on what is risky.”
May could face criticism if she gives the EU all the cash they want
After the fifth round of talks ended in October, the EU’s chief negotiator Michel Barnier said there was “deadlock” over the UK’s Brexit bill.
Mr Barnier said not enough progress has been made to move to the next stage of Brexit trade talks.

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