Britain is due to leave the European Union at midnight Brussels time (11pm in the UK) on March 29 2019 - unless an extension is agreed by all 27 remaining member states - with or without an agreement.
May's government said it was "confident it can achieve a bold and ambitious deal that will work in the interest of the whole U.K". "I think it was a mistake that we didn't spend more time and resources taking apart Jeremy Corbyn's economic proposals and his spending plans, which are frankly incredible and would do enormous damage to this country, to our jobs, to our economy".
The UK is set to leave the European Union by the end of March 2019.
■ LABOUR wants the cost of any deal the Tories make with the Democratic Unionist Party published.
As well as having non-UK EU workers on staff, the free movement of people from the EU allows the British plastics sector to hire temporary workers during periods of heightened activity, with 48 per cent of temporary workers in the British plastics industry coming from the EU.
Davis and Barnier will hold a press conference later on Monday.
The market is awaiting comments by New York Fed President William Dudley, a close ally of Fed Chair Janet Yellen, when he speaks at a business roundtable in New York state.
Before the election, May proposed a clean break from the European Union: leaving its single market, which enshrines free movement of people, goods, services and capital, and proposing limits on immigration and a bespoke customs deal with the EU.
Guy Verhofstadt, the European parliament's coordinator on Brexit, welcomed the British decision not to contest the EU's negotiating timetable, after Davis retreated from his earlier declaration that it would be "the row of the summer".
The move backfired, May lost her Conservative majority in the vote and has been fending off critics of her leadership ever since.
Their first task must be to "tackle the uncertainties caused by Brexit", he said, citing the rights of European Union citizens in Britain and the possible impact on the open border between Northern Ireland and the republic.
David Davis: The Brexit Secretary will lead the negotiations for the United Kingdom and Mrs May will hope he lives up to his reputation as a "charming bastard" - staunchly Eurosceptic but with the ability to win people round to his argument.
Barnier says the two sides must reach agreement on a deal by October 2018, to give the European and British parliaments time to ratify the deal by Brexit Day in March 2019.
Chinese shares .CSI300 advanced 0.55 percent after data showed home prices rose 10.4 percent in May from a year ago, although slowing from April's 10.7 percent gain.
Only when "sufficient progress" is made on these matters is Barnier willing to turn to the "bold and ambitious" trade deal that May wants, a pivot most doubt is unlikely to happen much before October.
What is much less clear is whether the election result was an endorsement of the Conservative Party's proposals for Brexit. "These talks will be hard at points, but we will be approaching them in a constructive way". The UK has ruled out paying such a sum, suggesting it could seek a chunk of the EU's assets as part of a "fair settlement", although it might have to pay something to ease a trade accord.
Britain appears to have given in on the EU's insistence that talks first focus on three key divorce issues, before moving onto the future EU-UK relationship and a possible trade deal. "But we want to keep the door open for the British".
Poll finds majority support for a softer Brexit.
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