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U.K. Warns EU It Won't Pay Brexit Bill Without Good Trade Deal

  • British officials make contingency plan to hold back payments
  • Davis says British cash ‘bound up’ in future trade accord
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Allianz Global Investors CEO Andreas Utermann discusses Brexit.Source: Bloomberg)
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The U.K. has warned that its promise to pay the Brexit bill depends on getting good trade terms from the European Union, as Theresa May’s team draws up plans to hold back money if the bloc backslides on a deal.