Britain, EU to begin Brexit negotiations on Monday

It's the first time a country has left the European Union so the negotiators - led by former French government minister and European Union commissioner Michel Barnier and Britain's David Davis - will also be navigating uncharted waters.

Earlier, Andrea Leadsom, leader of the House of Commons, said the government had agreed with Queen Elizabeth, who reads out the new government programme, that the "state opening of parliament will take place on June 21, 2017".

"It would seem rather daft to leave the European Union but then accept all of its rules just to have market access", Charles Lichfield, associate at Eurasia, told CNBC on Wednesday.

Two months ago, the Prime Minister could have looked forward to Britain having a strong negotiating hand on Day One of Brexit talks; now it is hard to see how her position could be any weaker.

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In a separate interview, she said the talks with the Conservatives had covered corporation tax and same-sex marriage.

Since May's Conservative Party failed to win a majority in last week's general election, there has been a lot of debate over the impact on the Brexit discussions and whether the British government will be more open to compromising on some issues, like trade. "We want to end the anxiety facing 4 million citizens".

He wouldn't be drawn on whether he supported Britain's continued membership in the single market and said May's minority government will negotiate in a "pragmatic" manner, striving for a solution that works for both sides. "It continues and when the deal is done, it will be done", a senior source in the Conservative Party said yesterday.

Britain's Department for Exiting the European Union denied that the country has given up on its aim of discussing all aspects of its departure and future relations simultaneously.

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"As we enter negotiations next week we will do so in a spirit of honest cooperation taking a pragmatic approach to trying to find a solution that works both for the United Kingdom and for the European Union 27", Hammond told reporters before a meeting of the 28 EU finance ministers in Luxembourg.

"We also respect the other parties' mandates, we want to get back to an executive that has all the parties around the table to collectively take decisions".

In his first public comments since the election, the Chancellor said it was his "clear view" that most people want the talks to "prioritise protecting jobs, protecting economic growth and protecting prosperity".

After touring the wrecked and fire-blackened apartment block and ordering an inquiry, May returned to talks to try to seal a deal with Northern Ireland's Democratic Unionist Party (DUP) to secure the backing of their 10 lawmakers in parliament to help her pass laws and govern as Britain starts talks to leave the EU. "But the withdrawal and future are intimately linked".

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