Brexit Hangover Kicks In for EU Leaders Debating Budget Gap

(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Twelve hours after the U.K. formally left the European Union, the bloc’s poorer members gathered in an old Franciscan convent in southern Portugal to rally against a looming budgetary shortfall that’s partly due to the loss of British contributions.Brexit is deepening the rift between richer and poorer EU states as they clash on the bloc’s trillion-euro ($