Brexit talks at ‘disturbing’ impasse with no progress on financial deal
Brexit talks are hanging in the balance after the EU’S chief negotiator said discussions had reached an “impasse” over the failure to agree the UK’S “divorce bill”.
Michel Barnier said the lack of progress in the fifth round of negotiations in Brussels was “disturbing” and said talks on the UK’S future trading terms with the EU would not start before December at the earliest.
Major employers including Scottish financial firms have warned they will be forced to begin shifting operations 0 David Davis: UK and EU ‘must talk about the future’ overseas if details of the UK’S post-brexit relationship do not emerge by the end of the year.
Speaking alongside Brexit Secretary David Davis, Mr Barnier revealed that the UK’S financial settlement hadn’t been discussed at all this week, despite hopes that Prime Minister Theresa May’s offer of £20 billion in her speech in Florence would lead to a breakthrough. Mr Davis said the UK and EU “must talk about the future” and called on EU member states to give his opposite number greater flexibility to discuss trade and a postbrexit transition.
Labour called on Mr Davis to seek an additional round of emergency talks to try to make progress before next week’s European Council summit.