Daily Management Review

May Given Just Two Week By EU Chief For Deciding On Payment For Brexit Divorce


11/17/2017




May Given Just Two Week By EU Chief For Deciding On Payment For Brexit Divorce
Theresa May was warned that if the U.K. wanted to initiate trade talks on Brexit with the E.U. before the end of the year, then Britain would have to make an offer of more money to the EU for UK's Brexit divorce bill. EU Council President Donald Tusk warned that the UK had just two weeks to make the enhanced offer.
 
While reaffirming his strong stance about the demand that the UK more progress and intention at coming to an agreement about the amount of the 'divorce bill' that would be paid to the EU and an agreement about the Northern Irish border issue had to be completed by early December, Tusk also said that he was "ready" to start begin talks for the next phase of Brexit negotiations that would cover the future of the trade relations between the two parties. This was necessary for UK to comply with to enable Tusk to present make any sort recommendations to the other EU leaders when they meet again on 14 December.
 
There had been media reports a day earlier to Tusk’s those comments about Prime Minister Theresa May reportedly pondering over making a potential £20 million enhancement of the divorce bill which would allow the talks to proceed.
 
Talks had shown "good progress", May said on Friday even as the talks had virtually stalled over disagreements of what was to be done about Ireland, the rights of EU citizens and the size of the divorce bill.
 
But a firm commitment is what Tusk is looking for to give way to further talks. "We will be ready to move on to the second phase already in December," he said. "But in order to do that, we need to see more progress from the UK side."
 
The former Polish PM said if "there is not sufficient progress by then" he would "not be in a position to propose new guidelines on transition and the future relationship at the December European Council."
 
Downing Street wants to ensure that the that the EU was not left in any worse off condition during its present budgetary period that ends in 2020 by honoring the existing financial obligations to the block.
 
Contribution by the UK to "longer-term liabilities" such as the spending that the block does for regional development and towards contributions for the pensions of EU officials should be needed says the Eu and therefore it has been repeatedly pleading with the UK to advance much further than the £20 billion that is now reportedly ready to offer to the EU.
 
(Source:www.digitallook.com) 






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