Published: Mon, June 19, 2017
Economy | By Annette Adams

No Brexit deal would be a 'very, very bad outcome,' Chancellor warns

No Brexit deal would be a 'very, very bad outcome,' Chancellor warns

Such is the collapse of May's authority that her entire Brexit strategy is being picked apart in public by her ministers, her lawmakers and her allies on the eve of formal negotiations which begin in Brussels today at 0900 GMT.

The chancellor said he would reject any deal "designed to destroy us".

A statement issued by Davis' department Sunday in London said "Despite European leaders' attempts to leave open the possibility of Britain remaining in the UK, Davis will make it clear that he is determined to achieve a Brexit deal that works for the whole of the UK".

The EU wants to secure the rights of more than three million Europeans living in Britain - and over one million Britons living on the continent.

But Monday's talks will seek mainly to tie down the timing, with the European Union suggesting monthly cycles over the summer.

With clouds still hanging over Prime Minister Theresa May's government, the EU's chief negotiator, Michel Barnier has won an early concession from his counterpart, Brexit Secretary David Davis, by ensuring that the talks start with discussions on the UK's divorce settlement with the bloc.

Britain seems to have tacitly accepted the EU's plan for sequenced talks, which will focus first on the terms of Britain's withdrawal, with negotiations on a future relationship and trade deal coming later.

"To change the leader of the party now would simply be to pile on the chaos", says Norman Lamont, an ardent Brexit supporter and former chancellor of the exchequer, who believes May's re-election, despite the loss of her majority, affirms her mandate.

At a joint news conference with visiting British Prime Minister Theresa May in Paris on Tuesday, France's new president, Emmanuel Macron, said "the door remains open" for the United Kingdom to change its mind about Brexit.

The start of Brexit negotiations next week will focus on European Union citizens' rights, the UK's divorce bill and Northern Ireland's border.

European Union leaders have given chief Brussels negotiator Michel Barnier no authority to so much as talk about future trade with Britain until he clinches outline deals on Brussels' priority issues, including London's exit bill. They are due to give a joint news conference after talks among their teams lasting seven hours.

It is thought that Hammond was the strongest advocate of a so-called "Soft Brexit" option in the Government.

Besides forging a deal to keep her job and preparing for Brexit talks, May is grappling with a crisis over the breakdown in power-sharing between the pro-British DUP and the Catholic nationalist Sinn Fein party in Northern Ireland's separate, devolved government.

Official negotiations between Britain and the European Union begin Monday in Brussels.

Marshall said businesses were realistic about the complex nature of Brexit talks, but that they were keen to see some "quick wins".

Ruth Davidson, an enthusiastic Remainer and now a very influential figure in the Tory party after helping her Scottish Conservatives increase from only one seat in the Westminster Parliament to 13, told May that she must now pursue a softer "open Brexit" that prioritizes economic prosperity over immigration control.

Britain's Brexit ministry said on Friday that no deal could be struck on exiting unless the future relationship with the bloc was taken into account.

The prospect of Britain's continuing indefinitely in Europe's single market, which removes non-tariff barriers and helps trade in services, is less likely.

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