News

UK PM May's Spokesman: PM has said on numerous occasions that we will not be extending Article 50

The UK PM Theresa May's spokesman, James Slack was out on the wires in the last hour, saying that Brexit negotiations are very much ongoing and expect intensive talks in the coming days.

Key quotes:

   •  PM will be taking the lead in the final days of these negotiations.
   •  No data set yet for a Brexit meaningful vote.
   •  Negotiators are adding detail to the outline political declaration before a final framework.
   •  Would expect to have some engagement with EU’s Juncker, but date yet to be set and depends on negotiations.
   •  The government believes does not need any extension to the implementation period.
   •  But clearly makes sense to have that option as an alternative to the backstop.
   •  The precise detail on an extension is something for negotiation.
   •  Important that implementation period ends in advance of next election.
   •  There is a linkage between withdrawal agreement and future relationship.
   •  If either side fails to honour the political declaration there could be a suspension of parts of withdrawal agreement, including payments.
   •  We have set out what our aim is for the future relationship and negotiating is the best way to do that.
   •  PM has said on numerous occasions that we will not be extending Article 50.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.