Pound falls against the Dollar

Talks between Labour and UK government collapse

Talks between Labour and the government have ended without agreement. It was hoped that these talks could break the Brexit impasse.

According to the BBC Jeremy Corbyn blamed what he called the government's "increasing weakness and instability", saying the discussions had "gone as far as they can".

Meanwhile Theresa May blamed what she called a fundamental division in Labour between those who want to deliver Brexit and those who do not, for the collapse.

No 10 said progress had been made in some areas, but the talks, which began six weeks ago, had been "challenging".

The PM has promised to set a timetable for leaving Downing Street following a Brexit vote next month.

The Pound also lost ground against the Dollar as the talks collapsed, falling 0.34% just after midday on Friday it now stands at $1.28.  

Brexit had been due to take place on 29 March - but after MPs voted down the deal Mrs May had negotiated with the bloc three times, the EU gave the UK an extension until 31 October.

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