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.”