Wednesday, 23 August, 2017

UK's Hammond says economy should be priority in Brexit talks

Wilma Wheeler | 18 June, 2017, 02:16

PHILIP Hammond will lay out plans to keep Britain building through Brexit as he seeks to reassure businesses they will still be able to access investment funding as we leave 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.

"We need trust to build the future relationship".

Brussels has insisted talks on the so-called divorce, taking in issues including the fee the United Kingdom will have to pay to sever its ties, must make sufficient progress before any discussion on a future trade agreement could begin.

British negotiators believe the European Union might accept such a deal because it would mean Europe's trade in goods with the United Kingdom - in which the European Union runs a surplus - would not be disrupted by Brexit, the newspaper said.

It is his first major intervention since the election as he held on to his job in the Treasury, despite rumours Theresa May would replace him.

For Brussels, a concern with starting talks on such models would be that Brexit supporters might end up blocking them, raising the risk of time running out to get any deal: "Would you".

Negotiations over Britain's exit from the European Union will begin on Monday. "That has always been our first aim and that is what we will do".

May spent Thursday in talks with each of the five main political parties from Northern Ireland, including the DUP, aimed at getting a power-sharing executive running in the province before a June 29 deadline.

"But this is a decision for the British parliament and the British people on whether they want this door to be wide open again or whether, after making such a decision, they say, 'Let's consider how we can use some portions of this openness, but others perhaps not."' Gabriel said.

Dismissing the prospect of a unilateral decision to guarantee the rights of European Union citizens in the United Kingdom, he stressed he had "got to worry about the million or so Brits abroad".

"The most important thing in the aggregate is the trade area".

It had been suggested the start of negotiations could be delayed by the failure of any party to win a House of Commons majority at last week's General Election.

The European Commission said it is prepared for the negotiations to start as soon as the United Kingdom is ready but refused to give a date.

"As we enter negotiations next week, we will do so in a spirit of cooperation, taking a pragmatic approach, trying to find a solution that works both for the United Kingdom and the European Union 27", he told reporters before a meeting of the 28 EU finance ministers in Luxembourg.

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