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Brexit talks to begin, uncertainty looms

Friday, June 16, 2017 - 01:46

Britain's Brexit minister David Davis and the European Union's chief negotiator Michel Barnier will start talks over Britain's departure from the EU on Monday. As Laura Frykberg reports, the date had been called into question following last week's uncertain UK election but the talks are likely to create even more uncertainty for the UK economy.

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(SOUNDBITE) (English) BRITISH PRIME MINISTER DAVID CAMERON, SAYING: "It is time for us to settle this question about Britain and Europe." Three years later the UK did just that, voting to leave the bloc behind. Fast forward to 2017, and talks over exactly HOW are only just beginning. On Monday, Britain's Brexit Minister David Davis arrives in Brussels. A tough talker, who could be forced to take a gentler tone, after his Conservative party lost its majority last week. (SOUNDBITE) (English) WILSON KING INVESTMENT MANAGEMENT, HEAD OF RESEARCH, RICHARD HUNTER, SAYING: "It's more than likely that we are now going to go in the UK to the negotiating table with a slightly softer approach than we would have done before." That would be a turnaround for Prime Minister Theresa May. Who's repeatedly said that no deal is better than a bad deal. Earlier this week her French counterpart offered Britain an open door back into the bloc. But not the same one, warned one of Europe's Brexit negotiators. (SOUNDBITE) (English) EUROPEAN PARLIAMENT'S BREXIT COORDINATOR, GUY VERHOFSTADT, SAYING: (SOUNDBITE OPENS ON SHOT OF KAMALL LISTENING): " Like Alice in Wonderland, not all doors are the same. It will be a brand new door, a brand new door with a new Europe, a Europe without rebates, without complexity." The success of the talks hinges on three crucial issues according to the EU. Their citizens rights in the UK, Northern Ireland's border with the Republic AND the divorce bill they want Britain to pay. Much of that is disputed between the two sides. (SOUNDBITE) (English) PANMURE GORDON CHIEF ECONOMIST, SIMON FRENCH, SAYING: "I think it was going to be a difficult negotiating situation and it is going to be a difficult negotiating situation." Four years on since Britain's relationship with the EU was called into question ... And the answer still looks a long way off.

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Brexit talks to begin, uncertainty looms

Friday, June 16, 2017 - 01:46