Brexit talks round two: European court of justice looms large

Claudine Rigal
Juillet 17, 2017

The second round of Brexit negotiations kicks off on Monday (17 July) in Brussels, focusing on the key issues of the divorce agreement.

"For us, it's incredibly important that we now make good progress", added Davis.

Sources in Brussels were also more optimistic on the eve of the talks about avoiding a total breakdown in negotiations, after the United Kingdom formally recognised financial obligations to the European Union in a written statement to parliament last week.

After a June snap election in which May's Conservatives lost their majority, her cabinet appears bitterly divided over the type of outcome it wants from the Brexit talks.

According to the Telegraph's source, Mr Hammond sees Brexit-supporters as pirates who have taken the Establishment prisoner and he is trying to break out and get his own way.

Teams from both sides will start meeting this afternoon, and are set to conclude the talks on Thursday.

Monday's discussions will focus on citizen's rights and the bill the United Kingdom will pay to exit.

"We're seeing the division at cabinet level laid increasingly bare", said Ned Rumpeltin, head of currency strategy at The Toronto Dominion Bank in London, who sees the pound falling to US$1.26 (RM5.40) by the end of this quarter. "We need to examine and compare our respective positions in order to make good progress", Barnier told reporters.

The Brexit Secretary said progress had to be made this month on a deal for reciprocal rights for citizens.

Last week, the United Kingdom acknowledged for the first time it will have to pay a contribution upon leaving. "Over the last few weeks, I've tried to advance ensuring that we achieve a Brexit that is focused on protecting our economy, protecting our jobs and making sure that we can have continued rising standards in the future".

Finance minister Philip Hammond, who like May campaigned last year to keep Britain in the European Union, said on Sunday he believed most of his cabinet colleagues now backed the idea of having two years or more of a transition period after Brexit in March 2019 - to soften the disruptive effect on society and the economy.

Asked how long that period would be, he said: It depends how long we need to put in place new customs systems, new migration systems; these things can't be magicked up overnight.

We're not going to be talking a couple of months, we are going to be talking a couple of years.

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