Michel Barnier, right, with David Davis. Neither side will publicly discuss how much money is on the table Geert Vanden Wijngaert/APBritain is reportedly ready to offer the EU a €40bn (£36bn) divorce settlement linked to a post-Brexit trade deal when negotiations resume later this month. The proposal, which could break the current impasse in talks, would see the UK continue to pay into the EU budget until 2021 as part of a “downpayment” on the final bill. In the proposed deal Britain could be making net payments to the EU of £10bn a year for up to three years, according to The Sunday Telegraph. EU negotiators have said that sufficient progress must be made on the rights of EU citizens in Britain and vice versa, the so-called “Brexit bill” and the Irish border problem before discussion can move on to the future trade relationship between…

Source: The Times August 06, 2017 03:11 UTC