Brexit talks are now in the endgame, assures PM May

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The developments came after the Prime Minister told Cabinet on Tuesday morning that a "small number" of issues remained to be resolved and her de facto deputy David Lidington described a deal as "almost within touching distance".

The European parliament will have to approve the withdrawal agreement. But what we are negotiating is immensely hard.

Speaking at a banquet in London last night, Mrs May said the talks have been "immensely hard".

In Brussels, the EU's chief Brexit negotiator Michel Barnier told ministers from the other 27 European Union member states that he was waiting for a signal that May has mustered enough votes to get a deal approved by parliament.

An EU diplomat said earlier on Saturday that they were cautiously hopeful that an EU summit could happen this month to endorse the deal but that the volatile situation in Britain made it very hard to predict.

The EU and the United Kingdom need an agreement to keep trade flowing between the world's biggest trading bloc and the United Kingdom, home to the biggest worldwide financial center.

"We have time but not so much", Reynders told reporters.

Her party, which has been split over Europe for 30 years, is in open conflict and some of her lawmakers want a new leader.

The Cabinet had been expected to meet as soon as Monday to sign off on May's plans, but late on Sunday there was no sign of further progress, according to three people familiar with the matter.

If a deal is reached, however, it would apply as of the end of the transition period, as outlined in the Withdrawal Agreement.

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"However, this rally may be short-lived as a key hurdle in the Brexit timeline remains - getting a deal through Parliament".

But one EU diplomat said the entire European single market, and the freedom of citizens to live anywhere in it, were at stake.

However, with the negotiations now down to the most hard issues, he said that there had to be a "measure of caution".

"It would allow the British people to make an informed choice about our future on the basis of the options - including staying in the European Union - that actually are now available", he wrote in the newspaper. "If we drop Ireland now, that casts a long shadow on the EU's future".

"But under these proposals we are agreeing that the EU would have a say on whether this country is capable of making that final exit from the EU's essential institution, the customs union".

Also in debate is the duration of the backstop. However, the United Kingdom wants the right to unilaterally pull out of this arrangement, which Brussels will not allow. London said the backstop would have to be temporary.

"No one is fooled by this theater".

Mr Johnson joined other senior Tories, such as former education secretary Justine Greening and ex-business minister Anna Soubry, who have also demanded a second referendum.

A senior United Kingdom government source told Business Insider on Monday that they were pessimistic about the prospects of a deal this week.

He added that May was forcing Brexit two choices on the country - her deal or no deal - and that "to present the nation with a choice between two deeply unattractive outcomes, vassalage and chaos, is a failure of British statecraft on a scale unseen since the Suez crisis". This article is strictly for informational purposes only. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. It is not a solicitation to make any exchange in commodities, securities or other financial instruments.