As Prime Minister Theresa May braces to deliver her speech on Brexit in Florence on Friday, a leak to the BBC makes reference to an initial offer by the UK government to Brussels.

No. 10 Downing Street is apparently willing to offer a financial settlement to Brussels to the tune of €20bn. That sum does not include long-term liabilities, like EU pensions and debts.

That is the first time that London talks numbers, going over and beyond the principle of paying for access to the Single ...

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