The Telegraph: Leaked memo from City's Brexit envoy reveals ‘sobering’ analysis of EU stance

09 September 2017

Brussels shows no interest in finding “long-term solutions” to Brexit and could ignore the interests of European Union business, a leaked memo to financial leaders has warned.

There is just a “one per cent” chance of the EU agreeing to start discussing a trade deal in October as the UK wants, according to a source quoted in the note.

There is also no appetite for creating a “bespoke” transition deal that will allow Britain to retain the benefits of EU membership for years after formally leaving, it is warned. 

The "sobering" analysis is contained in a 1,200 word memo from Jeremy Browne, the special representative for the City of London to the EU, which has been leaked to this newspaper. [...]

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