The latest from the Brexit negotiations - ING

"The issue of the “divorce” bill has continued to be the source of big disagreements in the second round of Brexit talks," ING Senior Economist James Knightley explains.

Key quotes:

"The UK continues to disagree with the EU’s €100bn estimate, with Foreign Secretary Boris Johnson saying recently that the EU can “go whistle” over the exit bill. The UK’s rebate, agreed by Thatcher in the 1980s on the basis that the UK accounts for a small share of agriculture subsidies, is also reportedly a source of controversy in the talks."

Post-Brexit financial contributions

"The UK government’s recent acceptance that it could continue contributing to the EU budget to maintain market access after Brexit has reportedly helped calm the debate on the exit bill this week. But the EU is pushing for more clarity here, something that the UK appears to want to tie into any agreement on exit costs."

Citizen rights

"Following talks in June, the EU said that the UK’s proposals didn’t go far enough. There has apparently been some progress this week, specifically on the issue of family reunions, but the Financial Times has reported that there are still “substantial differences” left to be resolved."