‘I feel more optimistic than I did a couple of weeks ago’: UK’s Hammond on Brexit

With only six months to go before the U.K. leaves the European Union, the pace in Brexit negotiations has been stepped up, the U.K.’s finance chief told CNBC on Friday. However, there are still some “very intractable differences” between both sides of the English channel that need to be resolved.

Brexit negotiators are working against the clock as they try to reach a breakthrough over the Northern Irish and Irish border issue by Monday.

The idea is to have the so-called “backstop” plan ready to ensure that under no circumstances, once the UK leaves the EU, there will not be a hard border between Northern Ireland and the Republic of Ireland.

If all goes well, Prime Minister Theresa May and the other 27 EU leaders could say as early as Wednesday that they are ready to finish the Withdrawal Agreement and take it to their own parliaments for ratification.

This story is being developed. Please check back for details.

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Source Link: https://www.cnbc.com/2018/10/12/very-definite-steps-but-still-need-to-make-significant-progress-on-brexit-uks-hammond-says.html

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