European Council President Donald Tusk on Friday congratulated British Prime Minister Theresa May on her reappointment, underscoring that Brussels and London should press ahead with the Brexit talks.
German Chancellor Angela Merkel weighs in on Brexit post-UK elections and the cooperation of Gulf states to resolve the Qatar crisis at an event in Mexico City alongside President Enrique Pena Nieto.
With a 20 percentage point lead over the Labour Party in the opinion polls, May had calculated in April that her Conservative Party would easily build on its thin majority in a snap election, allowing her to mute pro-European voices within her own party. "We should clearly come to terms with the British to start as quickly as possible".
"We are preparing for Brexit".
It had been hoped officials from both sides would hold informal talks next week on logistics before formal talks began during the week starting 19 June.
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Then in April, Cameron's successor, May, called an early election that again stalled talks with Brussels. Talks are scheduled to begin a week on Monday. Talk over the last several weeks of a very generous offer on European Union citizens' rights, to build goodwill and momentum with the EU27 in the negotiations early on could now also prove harder. Now, all remains unclear.
Lastly, Moody's remarked that it was closely watching the UK's negotiations with the European Union and the formulation of the country's fiscal policy in the context of the economy incurring a budget deficit and a ballooning public debt. The risk of having no deal worries some in Britain, particularly businesses. "We know when they must end. I am fully committed to maintaining regular and close contact at our level to facilitate the work of our negotiators", he added.
S&P now rates the United Kingdom at AA, with a negative outlook, having stripped it of its coveted triple-A rating immediately after last year's vote by the country to leave the European Union.
In a note to clients, UBS wrote that a breakdown in talks was now more likely and would make it harder to reach a trade deal: "A tighter political balance could make it easier for Eurosceptics.to prevent the government from offering the compromises needed to secure a trade deal". We are professionals, we have a mandate to get a deal, and we want a deal more than anyone.
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