EU threatening sanctions to stop Britain undercutting EU economy after Brexit – FT
The Financial Times (FT) reported the latest headlines from a leaked strategy paper earlier today, citing that the EU is threatening to impose sanctions on the UK economy after Brexit.
Key Quotes:
“The EU is threatening sanctions to stop Britain undercutting the continent's economy after Brexit, including "tax blacklists" and penalties against state-subsidized companies, according to a leaked strategy paper.
The measures, outlined in a presentation to EU27 member states last week, show the bloc wants unprecedented safeguards after the UK leaves to preserve a "level playing field" and counter the "clear risks" of Britain slashing taxes or relaxing regulation.”
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
