Sanctions are being threatened by the European Union to prevent Britain undermining the bloc’s economy after Brexit, The Times.
Penalties against companies that receive state subsidies and putting Britain on a tax blacklist of unco-operative jurisdictions are among proposals contained in a strategy paper published this week by the European Commission.
The plans are designed to maintain a “level playing field” and counter the risk of the UK slashing taxes or cutting red tape to attract business and investment after leaving the bloc.