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Divorce bill focus of Brexit talks on Monday

Divorce bill focus of Brexit talks on Monday

In his first public comments since the election, the Chancellor said it was his "clear view" that most people want the talks to "prioritise protecting jobs, protecting economic growth and protecting prosperity".

Brexit talks will begin Monday.

Theresa May's failure to win a majority at the General Election has led to suggestions her Brexit plan to leave the EU's Single Market and Customs Union could be altered, while rival parties have demanded involvement in exit talks following the inconclusive result.

Mr Hammond is expected to reinforce his message when he appears on the Andrew Marr Show on BBC1 tomorrow morning, and then his delayed Mansion House speech on Monday. Theresa May is now trying to agree a deal with the DUP, after the Tories' majority was demolished in last week's General Election, resulting in a hung parliament. Some political leaders in Northern Ireland fear a tie-up between the two could unsettle politics in Britain's smallest province where pro-British unionists share power with Irish nationalists.

"We want to see a Brexit that works for everybody, not just in Northern Ireland from my perspective but in the Republic of Ireland as well, so it is about a sensible Brexit", Foster told reporters.

But the Conservatives are confident they can agree a deal with the Democratic Unionists, who have 10 MPs, that will allow them to get their programme through.

Ms Day, who is special adviser to Jean-Claude Juncker, expects the European Union and the United Kingdom to "get down to the nitty gritty" around arrangements on trade and for citizens in each other's countries when formal negotiations start on Monday.

The announcement of the formal start of discussions was agreed on Thursday between Britain's Brexit minister David Davis and the European Commission's chief Brexit negotiator Michel Barnier.

Working groups were to take place later to focus on three key areas - the status of European Union citizens living in Britain and British citizens living in the European Union; the divorce bill for Britain; and the status of the Northern Irish border with Ireland.

The EU's executive Commission said in a statement Friday that the first round of negotiations in Brussels will be part of a "sequenced approach to the talks".

"Theresa May must immediately create a cross-party joint Cabinet committee to negotiate Brexit".

Liberal Democrat MP Alistair Carmichael said: "The Conservatives can not go from weak and wobbly to business as usual in three days".

London-based banking giant HSBC said Friday that it would keep more jobs in Britain depending on the government's approach to Brexit.

However, a soft Brexit would be a "daft" option, a political analyst told CNBC on Wednesday.

"And actually, getting over the fence, there might be some fresh grass out there".


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