The official dinner between the British Prime Minister Theresa May and the President of the European Commission Jean-Claude Juncker on Monday had no ground-breaking result.
In a common statement both sides said that it was still possible for Brexit negotiations should “accelerate over the months to come.”
Theresa May’s dash to Brussels on Monday was aimed at breaking the current negotiating deadlock.
In a speech in Florence two weeks ago, May proposed that the UK should remain in the Single Market for a two-year transitional period. During that period, the UK would be contributing to the EU budget. However, that compromise was not enough to move forward with negotiations on a future trade partnership.
Brussels insists that the UK must make a commitment to a so-called financial settlement, undertaking to honour obligations undertaken by the 28 member states. The so-called “divorce bill” must be settled before moving on to negotiate future trade relations.
Monday’s dinner was framed by Theresa May’s spokesman as “a reflection” on the Florence speech, while a European Commission source told Reuters that this was to be “a very expensive dinner,” or nothing.