Britain might continue to pay billions of pounds into the European Union’s budget after Brexit to maintain single-market access for the City of London and other sectors under plans being discussed by government, the Financial Times reported.
Prime Minister Theresa May’s recent rhetoric has perturbed some investors who fear Britain could give up trying to remain in the EU’s single market in order to impose controls on immigration from the other 27 EU member states.
But the Financial Times said on Monday May had not ruled out making future payments to the EU to secure privileged access to the single market. Finance is among the sectors most likely to benefit in any deal that recognised the “equivalence” of regulatory regimes, the FT said.
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