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etvfutures.com August 16, 2017


UK treasury chief: economy should be main focus in Brexit

18 June 2017, 12:41 | Opal Carroll

The formal negotiations were already due to start on Monday but doubt was cast by the general election result and ongoing talks between the Conservatives and the Democratic Unionists.

Brexit talks will begin Monday.

But the Government will press ahead with the first round of Brexit talks two days before the official opening of Parliament.

"If there is the expected positive outcome, it will be at least the start of next week before anything is signed off", a DUP source told Reuters.

But as the first senior royal to discuss Brexit, he claimed companies were eyeing fresh opportunities in non-EU markets once Britain leaves the bloc.

Brexit negotiators will discuss Monday Britain's financial obligations to the European Union as the long, complicated and potentially perilous process of the United Kingdom leaving the bloc finally gets underway.

Speaking as he arrived for a meeting of European Union finance ministers in Luxembourg, he said: "As we go into that negotiation, my clear view - and I believe the view of the majority of people in Britain - is that we should prioritise protecting jobs, protecting economic growth and protecting prosperity as we enter those negotiations and take them forward".

He wouldn't be drawn on whether he supported Britain's continued membership in the single market and said Prime Minister Theresa May's minority government will negotiate in a "pragmatic" manner, striving for a solution that works for both sides.

British inflation rate rises to 4-year high of 2.9 pct
U.S. consumers cutting down on their purchases of motor vehicles and other discretionary spending contributed to the decline. In commodities, oil prices fell more than 1 percent, on the backfoot again on worries about USA oversupply.


The UK is due to leave the European Union by the end of March 2019.

The spokesman said: "We want to end the anxiety facing four million citizens".

"We are fully prepared and ready for negotiations to start", commission spokesman Alexander Winterstein told reporters. "But the withdrawal and future are intimately linked".

The article states that discussions on a member's withdrawal must "take account of the framework for its future relationship with the Union".

Barnier and British Brexit Secretary David Davis will open the talks on Monday at 11 a.m.in Brussels and they'll continue on Tuesday with top officials from the European Commission and the U.K.'s Brexit department.

Since her gamble on a snap election failed a week ago, May has come under pressure from some in her own party to change her approach to Brexit talks.

Among topics that need to be agreed upon is the status of United Kingdom citizens living and working in the EU, as well as that of European nationals doing the same in Britain.



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