The European Union’s chief negotiator Michel Barnier has come out saying it would be “realistic” to expect an agreement on Brexit terms within the next six to eight weeks.
Such quotes have emerged amidst reports that EU leaders could be holding a one-off summit to ratify the agreement in mid-November.
EU mouthpiece Barnier is keen to progress with this purported summit, stating that it is “vital” if the UK and EU Parliaments are to have sufficient time to vote on proposals before the UK is scheduled to leave on March 29th next year.
While this may sound like a positive step towards Brexit, at the same time PM Theresa May could be looking at a mass Tory rebellion if she continues with her Chequers plan. Senior Tory Brexiteers are concerned that these propositions, which were only agreed upon by Cabinet two months ago, will not stand up in Parliament, and that if May fails to change her approach, the party risks a “catastrophic split”.
Barnier’s announcement saw the value of the Pound rise dramatically as businesses welcome the long-awaited end to the period of uncertainty caused by not knowing the future trading arrangements.