Brexit talks end with no progress

Academics had warned of Britain failing to reach at least a transitional trade deal with the EU

The European Union and Britain offered few compromises at their first full round of Brexit talks which ended on Thursday, and the pound fell on worries that British ministers were prepared to walk away without a divorce deal. 

While negotiators laid out their disagreements in Brussels, Prime Minister Theresa May met company bosses at home, with one employers’ group saying her government needed to engage in “sustained and structured” discussions with business over Brexit and avoid an abrupt departure from the bloc. 

Academics warned of “widespread, damaging and pervasive” costs if Britain failed to reach at least a transitional trade