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May to offer EU €20bn in bid to break deadlock

May to offer EU €20bn in bid to break deadlock

European leaders have been briefed to expect an offer from Britain of €20 billion to settle a budget black hole, and go some way to make progress negotiating the so-called Brexit divorce bill, according to the Financial Times

According to the paper Ollie Robbins, Prime Minister Theresa May's top EU adviser, has told EU officials to expect a financial offer when May makes her speech in Florence on Friday.

Talks between the EU and Britain have stalled over the last three months over the issue of settling remaining financial obligations to the union.

According to the paper, the offer being made by UK officials to other EU member states is that states will not have to pay more to or receive less from the EU as a result of Britain leaving, until 2020, when the EU's current long term budget planning period ends.

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