Skip to content
Thursday 3 September 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,766.66
+0.09%
DAX
25,860.72
+0.08%
CAC 40
8,258.21
-0.27%
STOXX 50
6,355.62
-0.10%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
What is City Talk? City Talk allows marketers to connect directly with our audience by publishing content on morningwire.eu
Thursday 18 January 2018 10:06 am  |  Updated:  Tuesday 04 June 2019 7:41 pm

One year into Brexit and we’re no closer to a deal

By: Infinox Talk Contributor

Add as a preferred source on Google

It’s a year since Prime Minister Theresa May gave her Lancaster House speech in which she set out the government’s priorities for ensuring a smooth and orderly Brexit transition. That’s right, a year. Time flies.

So, it’s only natural to look back at the 12 months that have elapsed since that day and examine how much progress has been made. And the reality is, there has been very little progress at all.

OK, Mrs May has given a few speeches about Brexit and cut a somewhat lonely figure at several European Summits. And on a Friday in late September she took the Cabinet to Florence, where she gave yet another speech.

Meanwhile, her Brexit Secretary, David Davis, told MPs his department had a number of impact studies forecasting the effect of Brexit on vital British industries, only to deny it later and risk being held in contempt of Parliament.

Then Ireland, its border with Northern Ireland and the Good Friday Agreement threatened to kill any Brexit deal at birth.

And yet, against all the odds, in December Mrs May appeared to close in on a deal on the three areas — the Irish border, European Union (EU) citizens’ rights, and Brexit bill — where agreement was needed for negotiations to move onto the tougher stuff, namely trade.

It’s worth noting how long it took the government to even get to the point of beginning trade talks. It’s also worth noting how much time is left before Britain is due to exit left from the EU stage. The answer is not much at all.

While, officially, trade negotiations haven’t begun, unofficially they most certainly have. Officially, what is generally accepted to be the toughest part of negotiations with the EU will begin in earnest in March, one year before Britain is due to leave the EU.

According to news reports, Mrs May will give her fourth major Brexit speech in the next week or so, setting out the government’s view of Britain’s future relationship with the EU after Brexit.

But she has to quell infighting among her Cabinet ministers first in order to reach an agreed position — something that really should have been done months ago.

The next hurdle Mrs May hopes to clear is to have reached agreement on Britain’s future trading relationship with the EU by October. That gives her six months to reach a deal.

Given the past performance of her government in Brexit talks, the lack of real clarity on Britain’s position up to now (which admittedly may have been deliberately obtuse as part of a negotiating tactic) and the fact that there are a huge range of industry sectors to cover, what hope is there that all this will be agreed by then? The conclusion most will draw is not much at all.

To find out how INFINOX Capital can help you reach your financial goals, visit www.infinox.com.

 

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Markets & Economics

Categories

  • Markets

Trending Articles

  • Vodafone and Deliveroo look to patch up Reform ties after Yusuf prison threats

  • Trio of firms poised to quit London Stock Exchange as exodus gathers pace

  • Easyjet’s over-60s recruitment push is economically necessary

  • Jim O’Neill: Capital gains tax hike ‘looms’ as top option for Burnham

  • ‘Large tax hikes on the way’: How the global bond rout is boxing in Healey

More from Morning Wire

  • ‘We’d love an apprentice – but the government has made it too expensive’

    Economics
    Technician in blue shirt operating a large metal lathe machine, industrial manufacturing process
  • Burnham calls for honesty then sticks his head in the sand

    Politics
    Andy Burnham, Mayor of Greater Manchester, in a dark suit holding a red folder outside 10 Downing Street
  • Amanda Blanc has worked her magic at Aviva

    Insurance
    Aviva's deal to buy Direct Line was agreed in March
  • Government pushes Bank of England to innovate on payments and digital currencies

    Regulation
    Bank of England building on Threadneedle Street, London, showcasing its historic architecture and financial significance
  • Dolly Parton: The rhinestone capitalist

    Opinion
    Dollywood gift shop with Dolly Parton t-shirt, books, mugs, and colorful floral display. A person browses merchandise.
  • Forecast rain sweet for Sugar and Kalpana

    Sport
    Jockey in pink helmet and green/white silks riding a brown racehorse at full gallop on a green track.
  • The way Dolly Parton announced her death is an inspiration to us all

    Life&Style
    Dolly Parton, blonde hair, white jacket, black lace top, black skirt, singing into a microphone on stage
  • Starling plans to ‘come out swinging’ in diversification bid

    Fintech
    Smiling woman, potentially Starling CEO, over city skyline with STARLING branding
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook