FIRST AIRED: March 29, 2017

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Transcript

00:00:00
>> British Prime Minister Theresa May at last firing the starting gun in the Brexit battle on Wednesday, sending Brussels a letter launching the UK's withdrawal from the European Union under Article 50. Since Britain's vote for Brexit in a referendum last June, the scale of the challenge, and the UK's demands, have steadily become clear.
00:00:22
Both the so-called hard Brexit and the best possible deal in May's sights.>> Well, I think Theresa May has always been incredibly clear that she's ambitious in these negotiations. She almost wants it all, she wants a free trade deal, she wants close economic cooperation, she wants close security operation, and she also wants to control immigration.
00:00:44
What she gets from this is anyone's guess, but, of course there will have to be compromise.>> But, May has revealed more of her battle lines than her tactics. One early obstacle to having it all, an exit bill that could run to tens of billions of Euros.>> I expect the first tumbling block will be how much Britain owes to the EU, and this could be incredibly sticky for Theresa May.
00:01:08
Because she has to keep her back benches on board, and some of them are very virulent in their assertion that Britain should pay nothing.>> Westminster has two years to secure a deal. After months of wrangling and speculation, the UK's phony Brexit War is finally getting real.