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Free AccessREPEAT: UK May To Lay Out Optimistic Vison Of UK, EU Future
Repeats Story Initially Transmitted at 03:13 GMT Sep 22/23:13 EST Sep 21
By Les Commons
LONDON (MNI) - UK Prime Minister Theresa May will attempt to break a Brexit
negotiation logjam on Friday by setting out a vision of what has been described
as a bold new economic and security partnership.
May is expected to lay down a plan for a time-limited transition or
implementation period to offer stability for both citizens and business.
May, who will speak in Florence, Italy later Friday, is expected to say the
UK's departure from the European Union will bring inevitable difficulties but it
is in everyone's interest for current separation talks to succeed.
"...while the UK's departure from the EU is inevitably a difficult process,
it is in all of our interests for our negotiations to succeed ... so I believe
we share a profound sense of responsibility to make this change work smoothly
and sensibly, not just for people today but for the next generation who will
inherit the world we leave them," she will say.
And success in the talks will leave both the UK and the EU with a bright
future, the PM will likely say.
"The eyes of the world are on us but if we can be imaginative and creative
about the way we establish this new relationship ... I believe we can be
optimistic about the future we can build for the United Kingdom and for the
European Union."
Although making no quantitative promises in respect to a final financial
settlement, it is likely May will lay down a broad-brush outline for EU
negotiators.
But overall, she is expected to explain how she sees a bright future for
the UK, which will continue to be a place to do business for international
firms.
"...our fundamental strengths are considerable; a legal system respected
around the world; a keen openness to foreign investment; and enthusiasm for
innovation; an ease of doing business; some of the best universities and
researchers you can find anywhere; an exceptional national talent for creativity
and an indomitable spirit."
May's words will be carefully parsed by EU negotiators and leaders in the
capitals of the 27 'remainers', but as MNI reported Thursday, a senior EU source
reminded the UK government that whatever May says in today's speech, Brussels
won't take it seriously until they see the ink dry on official UK negotiating
papers.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
--MNI BEIJING Bureau; +1 202-371-2121; email: john.carter@mni-news.com
To read the full story
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Please enter your details below.
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.