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Which is the line to take between the three different position.'For us it's important know.'Ireland's PM Leo Varadkar has also complained that the EU was still unsure what the UK hoped to achieve in a Brexit deal.But former Cabinet minister Iain Duncan Smith said Brussels was using bullying tactics to pursue its 'agenda'.The four-page memo lays out the most detailed German position seen so far.It proposes a partnership taking in linked foreign and security policy, counter terrorism and criminal justice.Mrs May has said she cannot accept the ECJ being solely responsible, but there have been signs a compromise with joint jurisdiction could be in the offing.Diplomats now believe the main issues have been resolved, and a deal could be struck.But less than 24 hours before the start the summit has been switched amid concerns about poisonous fumes from drains at the glitzy venue.Money has emerged as the key issue in the first phase, with the EU refusing to discuss trade until the outline of the financial settlement is agreed.

London Stock Exchange chief Xavier Rolet said that regulatory systems that will change as a result of Brexit 'cannot be replicated overnight' so businesses will simply make their own arrangements and move to the EU if they are not given sufficient notice.'Businesses cannot risk a cliff-edge being so near before they start accelerating the migration of functions away from the UK to ensure they can participate in the global market,' he wrote in the Daily Telegraph.

Leaders were meant to gather at the new Europa building, known as the Egg.

It only opened in January amid controversy over cost.

That is why the talks have stalled.' Urging Mrs May to take a tough stance, Mr Duncan Smith dismissed the idea that failure to strike a trade deal would be 'cataclysmic, a cliff edge and a disaster'. 'Yes, we want a Free Trade Agreement (FTA) – but not at any price.

The alternative to an FTA isn’t nothing, it’s a set of arrangements from within the WTO which will not include a very specific trade deal between the UK and the EU.

But a major diplomatic offensive, which has seen the PM ring round almost all her counterparts over the past week and dine with European commission president Jean-Claude Juncker, has so far failed to secure a breakthrough. Germany has started work on draft post-Brexit trade rules despite an apparent stalemate in Brussels, it emerged today.

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