UK PM Theresa May: Made good progress on Brexit talks, still some issues remain on backstop

The UK PM Prime Minister Theresa May is on the wires, via Reuters, speaking before the second day of the EU Brexit Summit.

Key Headlines:

Have made good progress on Brexit talks.

Still some issues remaining on backstop.

Could not accept initial EU proposal.

Option to extend the implementation period for a few months.

Option to extend not expected to be used.

Expects implementation period to end at end of 2020.

Does not want to see a gap between transition period and future deal.