FIRST AIRED: September 25, 2017

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Transcript

00:00:01
>> Deadlocks Brexit negotiations may, at last, be heating up. After British Prime Minister Theresa May hinted at concessions on divorce terms on Friday, EU negotiators are this week waiting for more detail. UK Brexit Secretary David Davis is expected in Brussels for a fourth round of talks with Chief EU negotiator Michel Barnier.
00:00:22
Both sides will be looking to firm up details as the deadline for the UK to leave the block approaches. Reuters Alister McDonald's says that both sides are fed up with stalemate, three months after the talks began.>> So this is a negotiation. People will start having to come towards each other, and quite quickly, because clearly the British are very keen to move on to talk about the transition and the future trading arrangement.
00:00:49
The Europeans are saying that can't happen until the divorce terms are settled. They want that to happen in the next few weeks, certainly by the end of the year. So now is definitely a time for action and for the negotiations to start showing some signs that the two sides are coming towards each other.
00:01:07
>> In her speech, Theresa May suggested Britain wanted to remain in the single market and stick with the EU for a further couple of years as a transition period. One potential benefit from that kind of period could be that it's faced with a somewhat less hefty bill for leaving then the estimated 60 billion euros that Brussels thinks it would be owed come March 2019.
00:01:27
Britain could potentially deduct 20 billion euros of that figure for a one off pre-Brexit settlement. But it's unlikely that the EU will let Britain divorce it entirely.>> What the Europeans want to hear, though, is that that budget ends at the end of 2020. So if Britain is staying in for a transition period, staying in the single market, paying into the EU budget, that's great.
00:01:51
But they hear Teresa May implying that perhaps at the end of 2020, there's no more money from Britain. And that is not acceptable here, and they want to hear more detail about how that would work. They say that Britain will have obligations to the EU that last for many years into the future.
00:02:07
>> And it's a busy week for British and EU relations. With Theresa May meeting Donald Tusk, who chairs EU Summits, and the 27 EU leaders this week, it could be the most important week so far for negotiations.