Brexit Fallout Could End Rebates for All EU States, Denmark Says

The European Union is likely to phase out its current rebate model once Britain, its biggest beneficiary, leaves the bloc, according to the Danish government.

“Once the British EU rebate ends, it’s expected that there’ll be a discussion” of the current model, and that there will be “pressure” on the bloc to “phase out” the system “as we know it today,” the office of Danish Finance Minister Claus Hjort Frederiksen said in an e-mailed response to questions.