Raab hopes Brexit deal with European Union still possible in October

Aon has advanced plans for post-Brexit EU hub

Aon has advanced plans for post-Brexit EU hub

Analysts at ANZ Bank New Zealand Limited (ANZ) explained that chief negotiators in the Brexit saga have vowed to make negotiations continuous as discussions enter a final stage, with a deal needing to be finalised by 29 March.

The clock is rapidly ticking.

British Brexit minister Dominic Raab said he was confident an exit agreement could be reached by an October 18-19 summit of European Union leaders.

"EU's Chief Brexit negotiator Barnier warned that it was unlikely that an agreement would be reached before November, and that Brussels would not accept blame if they failed to strike an agreement".

After a summer in which both sides have amplified the prospects of a "no deal" scenario, which would see the United Kingdom leave the bloc without any agreement on either future trade or the divorce settlement, practicality and pragmatism were the order of the day from both Barnier and Raab.

"We focused on what needs to be done", Barnier said of Tuesday's talks.

Mr Raab told the BBC that the two sides needed to "step up the ante" and he would be returning to Brussels next week to ensure momentum was not lost.

"This partnership has to respect the single market and the foundations of the European project, and if this is well understood we can conclude the negotiations successfully".

Scientists explained the origin of the mysterious light streaks in the sky
Aurorasaurus , funded by NASA and the National Science Foundation, is looking to crowdsource an answer to the Steve phenomenon. But new research suggests these mysterious streams of light are not an aurora at all but an entirely new celestial phenomenon.

The two sides reported progress towards an agreement on defence and security cooperation after Brexit, but Barnier said frankly that there was continued disagreement over the economic aspects of Theresa May's "Chequers plan".

"Our challenge in the coming weeks is to try to define an ambitious partnership, a partnership that has no precedent".

'We're going to be picking up the intensity of the negotiations - we agree on that - at a political level, ' he said.

Neither side has been able to reach an agreement on how to avoid a hard border between Northern Ireland the Republic of Ireland after Brexit.

"We can find common ground between the EU's principles and the UK's decision", Barnier said, adding that this needs to be done "well before the end of the year".

'Our actions speak louder than words. I'm out here seeing Michel again.

"There are three ingredients for a deal - energy, ambition and pragmatism - and if it's matched, then we get a deal".

There have been mixed messages this week on whether British and European Union officials will meet an informal October deadline to reach an agreement on how they will structure trade ties following their divorce next year.

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