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News > World

UK Considers Paying for Access to EU Market After Brexit

  • British and EU flags shown in London

    British and EU flags shown in London | Photo: EFE

Published 1 December 2016
Opinion

Working out the finer details of the split from the European Union continues to be a tedious process.

The U.K. would consider making an economic contribution to gain access to the European market, the country's minister for Brexit said Thursday in Parliament.

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David Davis' comments came in response to a question from Labour Party lawmaker Wayne David, who had asked if the government would consider any kind of contribution in exchange for access to the European single market for a post-Brexit U.K.

"The simple answer we have given to this before is, and it's very important because there is a distinction between picking off an individual policy and setting out a major criteria, and the major criteria here is that we get the best possible access for goods and services to the European market," he said.

"If that is included in what you are talking about then, of course, we would consider it," he added. The comments sparked a rise in the British Sterling, which went up 1.14 percent against the U.S. dollar to US$1.265, and 0.82 percent against the Euro to 1.19 Euro.

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