The UK would consider making payments to the EU after it leaves the bloc to secure the best possible access to the EU single market, Brexit Secretary David Davis has said. When asked by Labour MP Wayne David in the Commons yesterday if the government would consider making a contribution “in any form” for access to the single market, Davis said: “The major criterion here is that we get the best possible access for goods and services to the European market – and if that is included in what you are talking about, then of course we will consider it.” His comments prompted sterling to rise by 1% to $1.26 against the dollar. Eurosceptic and conservative MP Peter Bone told the BBC: “People will be absolutely outraged if we came out of the EU and then carried on paying them £15bn a year, £20bn a year, whatever the figure is – no I don’t think it’s going to happen.” However, Chancellor Philip Hammond said Mr Davis was “absolutely right not to rule out the possibility that we might want to contribute in some way to some form of mechanism”. He said: “You can’t go into any negotiation expecting to get every single objective that you set out with and concede nothing along the way – it will have to be a deal that works for both sides.” But prominent Leave campaigner and former Conservative cabinet minister Iain Duncan Smith said Mr Davis was keeping his options open, though saw little point in paying a fee to the European Union as an alternative to tariff barriers.
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