Macron Offer on Brexit Deal Highlights May's Difficult Choices

  • He hints at financial services agreement if she gives ground
  • Weakened prime minister has little authority to make an offer
Macron is "extending a hand to the U.K.," Chatham House’s Leslie Vinjamuri says.Source: Bloomberg
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French President Emmanuel Macron offered U.K. Prime Minister Theresa May the possibility of a Brexit deal that covered financial services, even as he set out options that make clear how difficult it will be for her to satisfy both business and her Conservative Party.

In a BBC interview on Sunday, Macron said that May’s stated positions made “full access” to the European Union’s single market impossible. He said what was on offer was “something perhaps between this full access and a trade agreement.” However, he did seem to shift position a little, by suggesting financial services could be included if May were also prepared to give ground.