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MNI: UK PM May Says Progress Has Been Made On Talks
- May Pins Hopes On Advancement In December, Says Talks Have New Impetus
By Kieran Williams
LONDON (MNI) - UK Prime Minister Theresa May said in parliament on Monday
that important progress had been made in Brexit negotiations. Updating
parliament about talks after the EU Council Summit last week May was optimistic
that both sides were "in touching distance" of an agreement on key issues such
as EU citizens' rights.
May's statement, and answers to the ensuing cross-examination from members
of parliament, was effectively a holding exercise that pins hopes on sufficient
progress in talks on a breakthrough by December that would allow the
negotiations to move forward to Phase 2.
May's comments came after an article in the German press alleged that May
was "begging for help" from EU leaders. It citing a leaked account from a dinner
and maintained that EU leaders saw May as having a weak negotiating position.
In parliament May reiterated many comments made in her summit speech on
Friday.
"Negotiations are complicated and deeply technical, but in the end they are
about people and we will put people first," said May.
She said that the UK will leave the EU in March 2019, noting again that the
government is preparing for every eventuality and wants a smooth transition. She
again referred to her Florence speech's approach to financial commitments,
repeating that the UK will go through obligations "line by line."
May cited internal negotiations on trade from the EU27 leaders as a signal
that progress was being made on talks, saying that talks had a "new impetus" and
that it was in the interests of both sides to get a good deal.
Responding to May's statement, Labour Leader Jeremy Corbyn said talks have
reached an impasse and noted that two weeks ago she also claimed that they were
in "touching distance" of a deal on citizens' rights. He also pointed to the
conflicting opinions in the Cabinet and remarked key details such as the
transition period are still uncertain.
May replied that her Brexit vision was set out in her Florence speech and
said that she has a "degree of confidence" that talks will move on to the next
phase in December. She cited German Chancellor Angela Merkel and other EU
leaders as agreeing with this sentiment.
May repeatedly came under fire for not having a clear proposal for what
they want to achieve in negotiations, but keeping her cards close to her chest
and said that in a negotiation you cannot know exactly what you will end up
with.
She said that "an implementation period must implement something" and thus
this period cannot be enacted unless a final trade deal is agreed - effectively
bundling talks about the transition period and trade together. May added that EU
Chief Negotiator Michel Barnier has proposed October 2018 for the conclusion of
talks.
May is under pressure with regard to the transition, or implementation,
period. Earlier today a letter from Britain's five biggest business lobby groups
called for clarity on the transition arrangement by the end of the year. The
letter asserted that many businesses require this clarity or will embark on
contingency plans at the start of 2018.
The PM also said that she expected a vote in parliament before other EU
countries hold one.
"We have said that there will be a vote on the deal in this House and we
expect that to be a vote that will take place before the European parliament
votes on the deal" said May.
While rumours of clashes in the Cabinet seem to be rife, a point that the
opposition raised frequently, Foreign Secretary Boris Johnson said in a Chatham
House speech earlier today that everyone was wholeheartedly behind the PM's
Florence proposals. The PM though did not directly deny accusations that a
"noisy minority" of Tories want a Brexit 'no deal' outcome and did not rule out
a 'no deal' scenario.
In response to the leaked account in the German Press today European
Commission President Jean-Claude Juncker said he was shocked about what had been
written in the German press and said "nothing is true in all of this" when
speaking to the BBC.
Juncker's chief of staff Martin Selmayr said that Juncker has no interest
in weakening the PM and denied he was source of the leak.
--MNI London Bureau; +44 203 865 3809; email: kieran.williams@marketnews.com
--MNI London Bureau; tel: +44 203-586-2223; email: david.robinson@marketnews.com
[TOPICS: M$B$$$,M$E$$$,MGB$$$]
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.