The UK has agreed to contribute financially to the European Union’s development programmes and will, in return, be able to trade freely in the bloc’s energy market, reports The Telegraph, citing a draft agreement between Brussels and London.
Under the plan, British funds will be directed towards projects to build roads, airports and green energy infrastructure in the EU’s poorer member states.
In turn, UK companies will be able to trade freely in the EU’s single electricity market.
“We agree that the United Kingdom’s participation in certain sectors of the EU’s internal market entails an appropriate financial contribution towards reducing economic and social disparities between the regions of the European Union. The contribution will reflect the extent of the United Kingdom’s participation in the EU’s internal market,” states the draft joint EU–UK declaration seen by The Telegraph.
According to the newspaper, the agreement has yet to be signed. Under the same document, the UK commits to aligning its tariff policy on Chinese vehicles with that of Brussels, which would make these cars more expensive for British buyers.
Details, HERE