British PM to meet business chiefs on Brexit

The Union Flag and European Union flags fly near the Elizabeth Tower housing the Big Ben bell during the anti Brexit'People's March for Europe, in Parliament Square in central London Britain

The Union Flag and European Union flags fly near the Elizabeth Tower housing the Big Ben bell during the anti Brexit'People's March for Europe, in Parliament Square in central London Britain

The British prime minister, Theresa May, will emphasize that London "is looking forward to the next stage" of negotiations with Brussels, pointing out that the "ball is on the side" of the European Union.

According to Saturday's Telegraph, EU negotiators are seeking assurances from Corbyn that he will honor agreements already made during Brexit talks if he were to become prime minister before a deal is signed.

She told MPs: "While I believe it is profoundly in all our interests for the negotiations to succeed, it is also our responsibility as a Government to prepare for every eventuality, so that is exactly what we are doing".

Mrs May had tried to reset the deadlocked negotiations by offering to agree to a transition agreement where policy trade policy would remain the same for another two years after we leave in March 2019.

Aides to May have signalled that the prime minister has accepted that her October deadline will not be met despite a speech in Italy last month which attempted to reset the tone of the hard negotiations.

The EU says there is a lack of progress on the three key issues necessary to be solved before talks can proceed to trade: the financial settlement, or "divorce bill;" citizens' rights; and the Irish border.

She admitted that progress "will not always be smooth" but said she hoped to "prove the doomsayers wrong".

Companies attending will also include Balfour Beatty (L:), WPP (L:), Morgan Stanley (N:) and AB Foods (L:), the government said.

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Davies explained that he considered the UK's negotiating stance was "substantially more flexible and pragmatic" than that of the EU.

Six months of Brexit negotiations have not led to a significant breakthrough.

"The ball is entirely in the United Kingdom court for the rest to happen", European Commission spokesman Margaritis Schinas told reporters Monday in Brussels.

A report that aerospace manufacturer BAE Systems is planning to cut more than 1,000 jobs did little to ease those concerns that without progress in the talks, firms will start to make staffing and relocation decisions. "That's why we are working to prevent it, with support of European Union".

Last week, two sources told Reuters that Japanese carmaker Toyota (7203.T) meant to build the next version of its Auris auto at its British vehicle plant on the assumption that the government secures a transitional Brexit deal in a decision due by the end of the year. The Prime Minister has been unable to sack or demote him, despite his persistent undermining of her.

"So we don't go talking about what happens if we end up with no deal, but quietly, assiduously, those preparations will be in place".

Labour's Shadow Brexit secretary Sir Keir Starmer cautioned that "this slow progress is a real concern" and claims negotiators are "further apart not closer together" than they were at the start of talks. One suggestion, which did not command majority support, was that at the European council summit, the EU would offer to discuss between themselves how a future trade relationship would work or open "scoping" discussions about a transition period, in an attempt to encourage Britain to be more forthcoming.

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