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EU Said to Rule Out U.K. Trade Talks Before Brexit Bill Deal

  • EU won’t discuss future links until end of year, officials say
  • Bloc is warning companies to prepare for U.K. getting no deal
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European Union Commissioner for Economic Affairs Pierre Moscovici discusses what he hopes to accomplish at the meeting of G-20 finance ministers and the EU's approach to taxes, regulation, and Brexit. He speaks with Bloomberg's Matt Miller on 'Bloomberg Markets.' (Source: Bloomberg)

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European Union officials are ruling out any discussions with U.K. Prime Minister Theresa May over a post-Brexit trade deal until she agrees to settle Britain’s financial commitments to the bloc.

In a sign the EU is toughening its stance as Britain prepares to trigger two years of negotiations, two European officials familiar with the plan said in the best-case scenario it may take until early 2018 to find common ground on the bill.