britain-will-develop-its-own-regime-to-control-state-aid-–-frost

Britain will develop its own regime to control state aid – Frost

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

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