EU Says U.K. Could Face Higher Brexit Bill
- EU may suspend single market benefits if U.K. breaks rules
- Commission reiterates U.K. will become rule-taker in 2019
Photographer: Simon Dawson/Bloomberg
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The U.K. will be asked to make financial contributions to the European Union after Brexit that could go beyond what was agreed last year, according to a draft document on the bloc’s position.
The document translates the EU’s negotiating position into a concrete legal text that will form the basis of the final exit agreement. As details are added on the terms of the transition period -- a two-year grace period that businesses are desperate to pin down -- some of the conditions have been tightened and the U.K. has vowed to push back on at least some of them.