11/30/2016, 2:47 PM (Source:
more TeleTrader news

U.K.'s May wants early negotiation of citizenship rights

United Kingdom prime minister Theresa May said on Wednesday she wants to have the status of British citizens in the European Union and EU citizens in the U.K. sorted out during the early stage of Brexit negotiations.

Speaking to the House of Commons, May said she aims to "give reassurances" following comments by European leaders, who insisted there could be no side deals before Britain starts formal exit talks in March next year. German chancellor Angela Merkel and the president of EU Council Donald Tusk were particularly vocal in this regard, claiming it is in the interest of the bloc to act together on the matter.

The British government has promised to trigger Article 50 by the end of March next year, and thus initiate two years of formal exit talks.

TeleTrader Newsroom / IB