Brexit negotiation

The European Central Bank has trained a regulatory Exocet missile at the City’s euro-denominated trading

PM used Brexit to justify the election. That was a con. She is ignoring the elephant in the room.

Leave campaigners tempted voters with a Brexit wonderland. Nearly a year after the referendum, it was clearly a deceit.

EU wants to hit UK with steep leaving bill of perhaps €60bn. Britain is adamant it won’t pay “huge sums”. Read our guide to the arguments.

Rationality dictates that Brexit should end in a deal. But passion may trump logic. No wonder both sides are preparing for the worst.

Hopes that Spain can be persuaded to take a softer line than Germany will be dashed - for a number of reasons, not least Gibraltar.

Excluding Theresa May from today’s summit dinner was a mistake - albeit understandable. EU needs to keep calm and play the long game.

The centre-right French presidential frontrunner wants a quick divorce that puts Britain firmly outside the EU single market.

Barnier says talks need to finish by Oct 2018 so European Parliament can ratify deal. That also means we could probably nix a bad deal.

Misguided belief that UK can determine Brexit outcome alone, lack of focus on developments in US, Europe are two major risks  

Italian Referendum outcome could divert European political attention away from Brexit, add weight to case for snap UK general election

Though context of note carried by aide in Downing St is unclear, it suggests government still has little clue what to do.