News Worms
News Worms

UK's Hammond says economy should be priority in Brexit talks

UK's Hammond says economy should be priority in Brexit talks

Brexit talks in Brussels on Monday will focus on the status of expats, the UK's "divorce bill" and the Northern Ireland border, rather than on future trade relations with the European Union, it has been confirmed.

"There is very little time left".

Scotland's first minister Nicola Sturgeon on Thursday condemned what she called a "grubby deal" with the DUP, warning that it could undermine the peace process.

An EU official close to the matter said the "softer Brexit" talk could be "productive" and help progress in the first months, where the British attitude to discussing the financial settlement "will be the first serious test of the negotiations". "That is why we are pushing ahead with negotiations on Monday".

The republican party's leader at Stormont, Michelle O'Neill, predicted the confidence and supply deal between the Tories and the DUP would "end in tears".

The prospect of a deal between the two parties has caused disquiet, with the DUP's anti-abortion and gay rights stance in the crosshairs.

Britain's ruling Conservatives and Northern Ireland's Democratic Unionist Party have yet to agree a deal to support Prime Minister Theresa May's government, Sky News reported on Thursday, citing sources. The queen's speech, which lays out the government's program, has been delayed until Wednesday.

The new president of the Northern Ireland Chamber of Commerce and Industry has said the DUP has a position of "opportunity and responsibility" as it continues discussions on an agreement to support the Conservatives' minority government. The reason? After Brexit, Northern Ireland will form the U.K.'s only land frontier with the European Union, and its economy will probably suffer most should the nation crash out of the EU without a deal.

On the eve of becoming chancellor, Hammond - then the foreign secretary - told an audience of bankers that "access to the single market is crucially important to your industry", and "we want to work collectively with you" to ensure it's maintained.

With her tally of Conservative MPs slashed to 317 in last week's poll, Mrs May needs the backing of the DUP's 10 members to reach the 320 required for a working majority in the Commons.

"We have all scenarios ready", the official said.

European leaders' biggest concern, however, is that Britain's political chaos is wasting time that could be used to negotiate.

The EU's chief Brexit negotiator, Michel Barnier, said this week that he was anxious for May to get her house in order. "It's a unity of goal, having voted to leave the European Union, that their government gets on with that and makes a success of it".

Developments at Westminster have placed a cloud of uncertainty over scheduled talks to restore powersharing at Stormont.


editors' picks

June 17, 2017
Britain-EU Brexit talks to start Monday as planned
The DUP leader is nearly certain to ask for greater investment in Northern Ireland as the price of a deal. The report cited unnamed sources, and the finance ministry declined to comment.

June 17, 2017
Was gunman ready to head home before congressman's shooting?
And we learned that her husband told her that he wanted to go to Washington work with people to change the tax brackets. Before James Hodgkinson left his home in Belleville, Ill., in March, he sold almost everything he owned from his businesses.

June 17, 2017
Global shares fall on Fed rate hike, plunge in oil prices
All of this goes a long way toward explaining why bank stocks have outperformed the broader market over the past 12 months. Rapid interest rate hikes could dismantle the financial market and worsen the condition involving household debt.

June 17, 2017
Oregon Sen. Ron Wyden Has Heated Exchange With US Attorney General
Sessions cited a Justice Department policy which blocks officials from testifying about private discussions with the President. Any suggestion to the contrary, he said, was "an appalling and detestable lie " and "secret innuendo".

June 17, 2017
Vasicek: Father's Day for imperfect dads
Fathers are also the ones who usually discipline children, so they tend to lovingly revere fathers as figures of authority. Although time and distance may separate us, your guidance, advice, and love has stuck with me through it all.

June 17, 2017
Airbag-maker Takata's share-trading suspended on bankruptcy filing report
Honda launched the first Takata airbag recall in 2008, bringing back Civics and Accords outfitted with the faulty equipment. Earlier this year an American judge said the costs of replacing all of the faulty Takata inflators could be $8 billion.

June 17, 2017
Unemployment Rate Stayed At 3.1 Percent In May
Job-losing industries over the year were: information, down 10 to 240; and professional and business services, down 30 to 1,650. But April estimates were revised to show a loss of 800 jobs, from an earlier estimated gain of 3,900 jobs.

June 16, 2017
All Blacks aim big guns at Samoa
I don't know where else he's going to get them from. "They're trying to get a game under their belts". To watch Steve Hansen and Ben Smith talk about the Samoa Test, click here.

June 16, 2017
Buffalo Sabres hire Phil Housley as head coach
The Buffalo Sabres have officially ended their search for a new head coach. "Happy anniversary.' So it was a great present". Housley, 53, spent the past four seasons as an assistant coach with the Nashville Predators, focusing on the team's defence.

October 27, 2016
World Series Stakes are Now at an All-Time High, Thanks to the Cubs and Indians World Series
Francona, who bagged the job, soon took them to their first championship victory in 86 years, then repeated the same in 2007. Additionally, six Stanley Cups were bagged by the Blackhawks here and the Bears had won the Super Bowl championship in 1985.