Brussels to propose €50bn raid on ECB profits

EU Commission’s ruling college will on Wednesday discuss ways to find new sources of revenue including proposals for a plastics tax

Brussels is considering a €50 billion raid on European Central Bank profits and a plastics tax to plug a hole in its long-term budget after Brexit.

The European Commission’s ruling college will on Wednesday discuss ways to find new sources of revenue to maintain its financial firepower once the EU’s second-biggest net budget contributor leaves the bloc in 2019.

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