the UK will need to “pay to play” in Europe

Philip Hammond last night refused to rule out making substantial payments to the EU after Brexit in order to secure market access for British-based financial service firms.

Asked during a trip to Berlin whether the UK would be prepared to pay for access to the EU markets for City firms, the Chancellor was pointedly non-committal. “We will talk about all of these things,” he said.

The question of UK payments emerged after Bloomberg, the news agency, reported that Germany would demand “substantial” payments to EU budgets in exchange for market access as part of any “deep and comprehensive” trade agreement after Brexit.

Mr Hammond’s implicit acknowledgement that the UK may well need to “pay to play” in Europe after Brexit is likely to inflame passions among Brexiteers who have repeatedly warned such payments would be unacceptable.

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http://www.telegraph.co.uk/politics/2018/01/10/philip-hammond-warns-eu-takes-two-tango-says-must-stop-trying/