GERMANY has bowed to French pressure and now stands firmly in the way of a smooth Brexit after its finance minister dashed any hopes of tax breaks or migration limitation.
Wolfgang Schäuble said Britain would be bound by tax rules after it leaves the European Union (EU) which would restrict giving incentives to retain investors.
The German finance minister also said the UK would be forced to pay EU budget bills for more than ten years, echoing proposals for the UK to pay an exit bill of up to £43billion.
Theresa May had been looking to close ally Germany, as a net exporter to Britain, to quell French demands the UK “pay a price” for wanting to leave the bloc.
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