EU seeks powers to regulate UK post Brexit

 EU seeks powers to stop post-Brexit bonfire of regulation

The EU is threatening Britain with sanctions including “tax blacklists” and penalties against state-subsidised companies to prevent it undercutting the continent’s economy after Brexit. The plans are designed to maintain a “level playing field” and counter the risk of the UK slashing taxes or cutting red tape to attract business and investment.

Source: Financial Times (02/02/2018)