The Brexit Cliff Edge Concerning Investors and London

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Nov.25 -- Prime Minister Theresa May will not be able to begin talks on a final Brexit deal until the U.K. has agreed how much money it will pay to leave the European Union and resolved border issues, Maltese Premier Joseph Muscat said. The 27 remaining members of the EU are taking a three-tier approach to exit talks with Britain, Muscat said on Friday in a BBC Radio interview. The U.K. will firstly have to agree to a departure payment to the bloc, before settling its EU border arrangements, especially those surrounding the boundary between the U.K. and the Republic of Ireland, he said. Bloomberg's Stephanie Baker reports and Open Britain Co Executive Director James Mcgrory discusses with Francine Lacqua on "Bloomberg Surveillance."