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May to give speech in Florence on new `Special Partnership' with EU

May to give speech in Florence on new `Special Partnership' with EU”

Theresa May will travel to Florence to make a speech on Brexit in a move likely to be seen as a bid to break the deadlock in negotiations.

"On Friday, September 22, the prime minister will give a speech in Florence to update on Brexit negotiations so far", her spokesman said.

Prime Minister Theresa May will make a speech on Britain's future relationship with the European Union on September 22 in the Italian city of Florence, her spokesman said on Wednesday.

Britain, the bloc's biggest financial center, acknowledged there are legitimate concerns among its European partners about the oversight and supervision of financial markets after the United Kingdom leaves the EU in March 2019, Hammond said.

May's spokesman gave no further details of what the prime minister would be saying and whether the speech would include any new information or proposals.

Prime Minister May has chosen Florence as the location for her speech as she "wanted to give a speech on the UK's future relationship with Europe in its historical heart", her spokesperson added.

The decision was taken by "both sides" to allow more time for consultation, with the aim of giving negotiations "the flexibility to make progress", a spokesman said.

Speculation about Mrs May's speech was sparked when EU Parliament negotiator Guy Verhofstadt claimed an "important intervention" would be made by the PM. As the United Kingdom leaves the European Union, we will retain those close ties.

Britain will reject "protectionist" agendas from the European Union in favor of "forward-leaning" proposals when it comes to supervising cross-border financial markets after Brexit, UK finance minister Philip Hammond said on Wednesday.

Figures in London and in Brussels will hope that May's speech will help thaw recent tensions between the two sides and encourage process on key issues that are now preventing negotiations from reaching the next stage.

The EU has ruled out starting negotiations on a future trade deal with Britain until sufficient progress has been made on the divorce bill, the rights of EU and British citizens and issues affecting Ireland.



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