The UK’s departure from the EU will leave a budget shortfall of at least €10bn (£8.8bn; $11.4bn), the budget commissioner has warned.
Günther Oettinger said the bloc must either spend less or find new money to fill the gap, equivalent to an estimated 16% of the entire budget.
Among the options on the table could be less generous payments to farmers or a tax on financial transactions.
“A big country, a net contributor is leaving,” Mr Oettinger said.
“That must have consequences.”
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