Almost a year since Britons voted to leave the European Union, Brexit talks finally began on Monday amid confusion over what exactly the U.K. government wants from the divorce.

What U.K. Brexit Secretary David Davis describes as the "most complicated negotiation of all time" kicked off in Brussels with Prime Minister Theresa May's government already on the back foot. An attempt to strengthen her hand by calling an election backfired and she's run into further domestic strife since, while the 27 other EU members started out with more leverage anyway.

"We are starting this negotiation in a positive and constructive tone," Davis said in comments to reporters from the European Commission's Berlaymont building headquarters. "There is more that unites us than divides us."

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.