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Sterling slides as Brexit talks hit a 'deadlock'
12 October 2017, 09:01 | Joann Bryant
Britain outlines customs powers if Brexit deal fails
Brexit Secretary David Davis said Britain was still pushing for European Union leaders to give a green light to those talks on the future relationship when they meet Prime Minister Theresa May at an European Union summit in Brussels next Thursday.
Barnier told journalists in a joint press conference with UK Brexit minister David Davis that talks on the financial settlement had only been technical this week, and the UK has not spelled out what earlier commitments it would pay for.
Brexit talks have made little progress, the European Union's negotiator said on Thursday, meaning he can not yet recommend broadening the negotiations beyond the focus on the terms of Britain's exit to include key issues such as future trade relations.
Brexit negotiations have reached a "disturbing deadlock" over the question of Britain's divorce bill, the European Commission's chief negotiator has said.
"(We) also want to ensure that we get onto that business of talking about the future relationship, the future partnership we're going to have with the EU.
He said the interpretation of rights must be "genuinely consistent" between the United Kingdom and the EU after Britain quits and suggested they must be applied through the European Court of Justice.
However, Barnier said there had been progress in other areas, including citizens' rights, and he hoped there will be positive developments within the next two months.
But he added: 'This week, however, the United Kingdom repeated that it was still not ready to spell out these commitments.
Barnier's negotiating mandate would have to be tweaked by the European Union leaders to be able for him to negotiate transition.
Hammond was answering questions from lawmakers, a day after the International Monetary Fund downgraded its forecast of United Kingdom economic growth to 1.7% this year and 1.5% in 2018.
Mr Barnier made clear, however, that despite new momentum from concessions given by May in a speech at Florence on Sept 22, the British positions on money, expatriate citizens' rights and the Irish border still fell short of the "significant progress " set as a condition for opening the trade negotiations.
"With political will, decisive progress is within our grasp within the next two months".
Hammond said it's conceivable "there will be no air traffic between the United Kingdom and the European Union on the 30th of March 2019, but I don't seriously think anybody believes that is where we will get to".
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