Brexit Bulletin: After the Referendum, Brits Went on a Spending Spree

The U.K.’s future relationship with the European Union will require a tailor-made solution, according to Germany, although Prime Minister Theresa May won’t be able to cherry-pick the economic advantages.

In an interview with Bloomberg, German Deputy Foreign Minister Michael Roth said it’s clear that Britain can’t expect access to the bloc’s common market unless it allows the free movement of workers that applies throughout the EU.

“This is a historically unique situation,” Roth said. “Britain is a major economy and has been an EU member for decades. We will surely reach a custom-fit agreement between the EU and Britain.”

Bloomberg

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