November 16, 2017 / 8:03 AM / 7 months ago

May preparing to raise Brexit divorce bill offer - Sun

LONDON (Reuters) - British Prime Minister Theresa May is preparing to offer up to 20 billion pounds more to the European Union as part of a Brexit divorce bill, the Sun newspaper reported on Thursday.

FILE PHOTO - Britain's Prime Minister Theresa May leaves 10 Downing Street in London, November 1, 2017. REUTERS/Toby Melville/File Photo

Unless there is movement in the negotiations to unravel more than 40 years of union, Britain may miss a December deadline to move the talks to a discussion of future trade ties, which businesses say is vital for them to make investment decisions.

EU negotiator Michel Barnier has called on Britain to spell out how far it would “honour its obligations” to break the deadlock.

Brexit minister David Davis said on Sunday that Britain will not offer a figure or a formula for how much it believes it owes the European Union.

Reporting by Guy Faulconbridge, editing by Estelle Shirbon

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