Withdrawal agreement to be ready by October 2018

However, there are more hardles to take on Brexit talks, according to Michel Barnier, the EU’s chief Brexit negotiator.

“We will need to have the final version of the withdrawal agreement ready by October 2018, in less than one year,” Barnier told journalists at a news conference following talks between Theresa May and Jean-Claude Juncker.

He also marked a breakthrough achieved at negotiations between Britain and the EU, which is essential for moving to the next phase of talks, though “there is still work to be done.”

Barnier characterized the agreement between Britain, Ireland and the EU reached earlier today as “precise and detailed” and if it is adopted by EU leaders at a summit scheduled for the next week it could become “the basis for the withdrawal agreement.”