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European Union warns Brexit Britain: 'The clock is ticking'

16 May 2018

In contrast, Mr Barnier invited Britain to continue paying into the EU's overseas foreign aid projects, which he said would help the United Kingdom and the bloc shape the world order after Brexit.

"The government's Brexit strategy is in complete and utter deadlock", said Labour's Brexit policy chief Keir Starmer in a statement.

Simon Coveney signalled a European willingness to use an improved version of Mrs May's idea for a "new customs partnership" yesterday as a way to avoid a hard border in Ireland.

Negotiations on the future with the United Kingdom have not started yet.

The broad thrust of Tuesday's report is positive for the British economy. The UK decided unilaterally and autonomously to withdraw from the EU.

Mr Coveney is adamant, however, that London must present its proposals within the next few weeks; "if there is a new approach that can held get us there then we're happy to talk about that, as is the Barnier task force".

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"We are concerned about the lack of a clear approach, a clear position from the British".

Barnier said the "two key points where there is a risk of failure" is the Irish issue, and the governance of any future Brexit deal, which Britain says must be out of the hands of the EU's top court.

Executives in the City of London, home to global foreign exchange, bonds and fund management operations, and more banks than any other financial center, believe that a crackdown on immigration post Brexit will hamper their ability to find staff with the right skills, it added.

"October is only five months from away, but and some key issues related to the withdrawal agreement need to be settled".

Mr Barnier said there had been "misunderstandings" in the coverage of the story, adding: "We are not kicking the United Kingdom out of Galileo. We need something more real", Linde was quoted by the TT newswire as saying after the meeting.

European Union warns Brexit Britain: 'The clock is ticking'