06-02-2018 21:11 via uk.finance.yahoo.com

EU wants right to curb UK single market access during transition

The European Union wants the power to restrict British access to the single market during a transition period after Britain leaves the bloc, as a way to punish London if it violates agreed rules, a document showed on Tuesday.The option was contained in a footnote of the legal text prepared by the European Commission on the two-year transition after Brexit.It proposed restrictions on single market benefits as a remedy if the Commission determines that it would take too long to take Britain to the
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