Risk of 'cliff edge' Brexit grows as Barnier warns on lack of progress in negotiations

No progress on key issues

Mike Sheen
clock • 2 min read

Further uncertainty was cast on the success of Brexit negotiations on Thursday when top EU negotiator Michel Barnier said there has been no "decisive" progress, following the conclusion of the third round of formal talks.

At a joint press conference with UK Brexit secretary David Davis, Barnier acknowledged some movement on issues such as frontier workers right and pending cases at the European Court of Justice, but said there had been no progress on "decisive subjects". Significantly, Barnier said the two parties remained "quite far" from being able to begin talks on future trade arrangements, and that there were issues of "trust". European blog: Industry reaction as investors gear up for German elections and Brexit Few other details were given as to the specifics of the negotiations, but it is und...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Europe

Eurozone inflation dips below ECB target for the first time in over three years

Eurozone inflation dips below ECB target for the first time in over three years

Down to 1.8% in September

Valeria Martinez
clock 01 October 2024 • 1 min read
Investors raise alarm over impact of rising populism on European stocks

Investors raise alarm over impact of rising populism on European stocks

Political gridlock expected

Sorin-Andrei Dojan
clock 26 September 2024 • 4 min read
Partner Insight: Has the European credit cycle been extended?

Partner Insight: Has the European credit cycle been extended?

Derek Hynes, Fixed Income Portfolio Manager and Will Prentis, Fixed Income Investment Specialist at Wellington Management
clock 21 June 2024 • 4 min read
Trustpilot