EU negotiator says sides agree Brexit must be orderly

Both EU negotiator Michel Barnier and his British counterpart David Davis said after the first negotiating session they were confident of quick progress but said major challenges lay ahead to meet the deadline of March 2019 for Britain to officially leave the bloc.

Both Gabriel and Verhofstadt said that they hoped May’s election fiasco would encourage Britain to pursue a “soft Brexit” preserving as many ties with the European Union as possible.

In this Monday, June 19, 2017 photo, EU Chief Brexit Negotiator Michel Barnier, right, and British Secretary of State for Exiting the EU David Davis prepare to make statements as they arrive at EU headquarters in Brussels.

The U.K. electoral debacle has put May’s own position in doubt, fueling a new battle within her Conservative Party over the kind of Brexit the government should seek.

Britain faces a hefty compensation demand from the EU to cover its outstanding payments to the EU budget and contributions to EU programmes, as well as European officials’ pensions. “He has no mandate here and he has no authority overseas and negotiations start tomorrow”, Starmer said. The public mood has also been shaken by a wave of terror attacks in recent weeks, the latest of which involved a van that rammed pedestrians near a mosque in North London early on Monday morning, killing one and injuring ten.

Workspace ticked up after announcing the exchange of contracts for the disposal of the third and final phase of the mixed-use redevelopment of Bow Enterprise Park, London E3 on Monday, while outsourcer Capita rallied as Jefferies upgraded its stance on the stock to “buy” from “hold” saying the risk/reward is slowly improving.

Davis said the talks would be carried out in “a positive and constructive tone”, with Britain looking to forge a “strong and special partnership for the future”.

Though May’s gamble will have done little to strengthen the U.K.’s position in European Union talks, analysts suspect it will do little to change its intended Brexit agenda.

Gabriel said it might be possible for the United Kingdom to stay in the European common market, but warned that London would have to abide by the principle of freedom of movement for EU workers. The pound has fallen about 14 percent against the dollar since the June 23 referendum, pushing up inflation even as the economy shows signs of slowing.

Britain on Monday finally opened negotiations with other European Union nations about leaving the bloc.

The 60-year-old prime minister emerged victorious from a bitter and divisive leadership battle after her predecessor, David Cameron, quit following Britain’s vote a year ago to leave the EU.

“The best way we can spend this week is to rebuild trust“, rather than tackle the big hard issues right at the start, a European source said. He’s labeled one European Union leader a “dictator” and threatened to call for the independence of Texas if U.S. President Donald Trump continues to criticize the EU.

“It’s important to remember that negotiations on some of the most crucial business issues, such as the nature of the future UK-EU trading relationship, won’t begin straight away”.

The EU says Britain can’t leave without settling its bill, paying up for all its commitments that are still ongoing, including projects that might reach into the next decade, as well as the U.K.’s share of EU staff pensions. The group said any deal should minimize trade barriers and include a flexible immigration system.