EU prepares to demand multi-billion pound increase on divorce payment from Britain in return for Brexit delay – UK Telegraph

Anil Panchal FXStreet

The UK Telegraph carried a story that signals the EU members readiness to levy extra burden on the UK policymakers should they chose to delay the Brexit date.

The news report said that the EU is preparing to impose punitive conditions on Britain as its price for agreeing a Brexit delay if Theresa May is forced to ask for an extension this week.

Member states are “hardening” their attitudes towards a delay and will demand “legal and financial conditions” including a multi-billion pound increase to the £39bn divorce payment.

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Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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