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Davis hints at UK paying for access to single market

david-davisSterling rose sharply against the dollar and the euro after Brexit Secretary David Davis said the UK would consider paying the EU to continue getting access to the single market.

The pound rose 1.1% against the dollar to $1.2650 and was 0.7% higher against the euro at €1.1891.

In the Commons Labour MP Wayne David asked Mr Davis: “Will the government consider making any contribution in any shape or form for access to the single market?”

Mr Davis replied: “The major criterion here is that we get the best possible access for goods and services to the European market – and if that is included in what you are talking about, then of course we will consider it.”

His comments immediately prompted a backlash from the Leave camp who said the country had voted to pull out of EU and did not expect to continue paying into it.

Tory Peter Bone said people would be “absolutely outraged” if the UK continued to make payments to the EU.

Later, addressing a dinner in Wales, Mr Davis sought to reassure business leaders that immigration controls after Brexit will not be imposed “in a way that it is contrary to the national and economic interest”.

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