Financial Times with a sneak preview of the Florence speech, citing officials briefed on the discussions
FT reports:
- Germany's Angela Merkel has been told by the British government to expect Theresa May this week to offer to fill a post-Brexit EU budget hole of at least €20bn
- Olly Robbins, the prime minister's top EU adviser, has contacted his counterparts in several European capitals to reassure them Mrs May's Friday speech in Florence would include the financial offer
- Mrs May's team is hoping the offer will break a three-month deadlock in Brexit talks & allow them to move to a second phase of negotiations
Link to the FT re[port (may be gated): Theresa May prepares €20bn EU budget offer
more to come
Pro tip - if someone offers you 20bn EUR, walk them briskly and directly to the ATM. Don't dilly-dally!
