BREXIT WATCH-Latest developments in aftermath of Brexit vote

* Graphic on Brexit impact http://reut.rs/2aqnwkw LONDON, July 23 (Reuters) - Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. Following are the main developments: July 23 G20 finance ministers meeting in China pledge to bolster their defences against economic fallout from Brexit and urge Britain and the EU to stay close.

Washington - backing London - says Britain should take its time renegotiating a new relationship with the EU as it is very sensitive and shouldn't be rushed.

BBC reports that David Cameron made last minute pitch just days before the Brexit vote to Germany's Angela Merkel for limits on free movement of people. Didn't get it; Britain voted to leave.

This will be the main battleground in the post-Brexit negotiations as well. Ironic, if EU budges this time.

French Finance Minister Michel Sapin appears to have got the memo from German Chancellor Angela Merkel and is watering down the hard-line message on Brexit from his boss, President Francois Hollande.

In China, for the G20 meeting, Sapin says Britain was unprepared for Brexit and therefore needs time - though not too long. That gels with Merkel's no-rush-but-no-limbo line earlier in the week. Hollande was much more forceful about the need to get on with it.

Draft G20 communique says group is well positioned to address any Brexit turmoil. Says group wants UK and EU to remain close partners.

IMPORTANT DATES AHEAD: - Aug. 4: Bank of England policy meeting, economic forecasts - Sept. 16: Informal EU summit in Bratislava - Sept. 25-28: UK Labour Party conference - October TBA: Italian constitutional reform referendum - Oct. 2: Re-run of Austrian presidential election - Oct. 2-5: UK Conservative Party conference - Oct. 13-15: Scottish National Party conference - Oct. 20-21: Formal EU summit in Brussels PREVIOUS July 22 Britain will get a fair deal from the EU that neither punishes nor rewards it for leaving, European Commission Vice President Kristalina Georgieva tells Reuters in an interview.

But she also says that there could not even be informal negotiations before London invokes Article 50 saying it wants to go. Georgieva also says Brexit vote was a reminder that not everyone wants "more EU".

Research firm Markit takes a special sounding of British purchasing managers - a so-called flash reading - and finds business activity tumbling. Recession ahead is the gist.

The report is particularly noteworthy because it follows a rather steady report to the Bank of England from its own agents in the field.

Pound falls but stocks rally. Not a contradiction, both reacting to probable BoE monetary easing.

Signs of Brexit stress: 1) Lloyd's of London insurer Beazley says it is seeking European insurance licences for its Irish reinsurance business to allow it to continue to operate throughout the European Union if Lloyd's loses access to the bloc.

2) Spain's Banco Sabadell says the fall in Britain's pound has hit group profits by 0.3 percent.

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