Tusk threat to 'freeze' Brexit talks until Irish get deal

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If the European Union (EU) and Britain are to reach an understanding on their future relationship, London should provide more clarity on its view about it, Jean-Claude Juncker, president of the European Commission, told the European Parliament here Tuesday.

The survey by the Financial Conduct Authority (FCA) is for businesses that offer their financial services under European Union "passporting" rules to customers in Britain from a base in another member state.

British finance minister Philip Hammond was due to tell the European Union today that it must allow that sector to be part of a post-Brexit deal.

Theresa May replied "yes" when asked if it was worth paying the predicted price of leaving the European Union, when quizzed by MPs in the Commons last week. "We will set out further details on these proposals and how the scheme will operate in due course".

The Ulster Unionist MEP will, alongside his party leader Robin Swann, meet with the EU's chief Brexit negotiator Michel Barnier and its chief Brexit co-ordinator Guy Verhofstadt in Strasbourg tomorrow.

Six months ago, a policy paper was released by the UK Government that detailed the proposals surrounding the matter which had focused on the need to avoid a hard border between the Republic and Northern Ireland.

Barnier also urged British Prime Minister Theresa May to speed up the Brexit negotiations and define her vision for the future relationship between the country and the 27 remaining member states.

European Council president Donald Tusk has threatened to freeze Brexit talks, insisting that the sequence of negotiations must be "Ireland first".

May, but mainly repeating the red lines that we've already known for two years", said Guy Verhofstadt, representative of the European Parliament for Brexit, "the problem is today we don't have a proposal from the United Kingdom side on the future relationship.

The U.K. and European Union "shall refrain from any measures which could jeopardize the attainment of the objectives of this agreement", the draft treaty says.

The British chancellor Philip Hammond has already announced that he wants to include a seperate section for financial services in a future Brexit trade deal. "I would, however, ask to allow us to define what's in the EU's interest".

"After Brexit there is a big discontinuity in all the trade and services, but we still have a large market and it's supposed to be an interesting opportunity for all the financial institutions", Katainen said.

"The reality on the ground today is that firms can't make their next move until they know what the state of play will be from March 2019", said Cherry.

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