Britain, EU fail to reach Brexit deal

Britain, EU fail to reach Brexit deal

But it will be talks in this week that could have far-reaching implications, not just for May, but the nation as well.

Theresa May must deliver her offer on a Brexit divorce package this week if she wants European Union leaders to grant Britain's request for talks on future free trade when they meet next week, EU diplomats and officials said on Tuesday.

3 p.m. - EU-27 envoys meet to prepare formal decision on sufficient progress to be taken at EU-27 summit on December 15 and to work on draft negotiating guidelines for future trade deal.

Sterling extended an earlier decline to hit a one-week low on Wednesday, while British blue-chip stocks erased losses, after the Sun newspaper's political editor said on Twitter a Brexit deal is unlikely this week.

Mrs May smiled and shook hands with Mr Juncker as she arrived in Brussels but did not respond to reporters' questions.

As per reports, medical experts have allayed their concerns regarding UK's decision to withdraw from the European Union, stating that it would affect the country's declaration of forming an alliance with the pharma firms to promote the life sciences sector. However, big progress has been made and negotiations will continue.

Talks between United Kingdom prime minister Theresa May and commission president Jean-Claude Juncker broke up on Monday without agreement after Northern Ireland's Democratic Unionists, who prop up Mrs May's government, objected to wording on the Irish border question.

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"Let's not run before we can walk here".

He told BBC Radio 4's World At One: "We need to see the detail of this".

"The hope is that those (Monday) meetings will result in a momentum that can be carried into the leaders' summit the week after. and can allow this Brexit negotiation process to open up to phase two of discussions".

But any such deal was swiftly undone thanks to fierce opposition from Northern Irish unionists who prop up May's minority Conservative government, in a development that Ireland's premier called "surprising and disappointing". Not only is there no sign of negotiating success in Brussels, her fragile agreement with the DUP is creaking, and anger is spreading through the backbenches like the plague.

Preempting the mid-December summit, the Leave Means Leave group sent a letter outlining several terms, including calling for Britain to be beyond the jurisdiction of the European Court of Justice (ECJ) and for no new EU regulations to apply once Britain exits in March 2019. May can not give the DUP what it wants (no border with mainland Britain), while ensuring Dublin also gets no hard border across the island, while abiding by her Brexit promise that Britain will leave the single market and the customs union.

"We want to see a sensible Brexit where the Common Travel Area is continued, we meet our financial obligations, have a strictly time-limited implementation period and where the contribution of European Union migrants to our economy is recognised in a practical manner".

While May has promised to end the ECJ's authority in the United Kingdom, she has alluded that its remit might continue in some capacity during an "implementation period" past March 2019. The Commission could then say there is sufficient progress to move to Phase 2.

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