FILE PHOTO: British Prime Minister Boris Johnson’s Europe adviser David Frost leaves the European Commission headquarters after a meeting with officials in Brussels, Belgium, October 7, 2019. REUTERS/Francois Lenoir/File Photo
BRUSSELS (Reuters) – Britain will develop its own system for regulating state aid and controlling subsidies after its post-Brexit transition period is over, London’s negotiator for the long-term relationship with the European Union said on Monday.
“Obviously we will develop our own state aid system, our own anti-subsidy regime once the transition is over,” David Frost told an audience after delivering a lecture at a Brussels university.
The EU wants Britain to accepts its rules and regulations on state aid as part of a tariff- and quota-free trade deal to guard against
