Merkel wants to discuss EU budget discount for Germany after Brexit

• The European Union's budget to 1pc of the bloc's economic strength without contributions from Britain in future would overly burden Germany.
• "That's why we need to have a discussion about a fair distribution of burdens on the funding side and also about a discount for Germany" Angela Merkel said.

Raising the European Union's budget to 1pc of the bloc's economic strength without contributions from Britain in future would overly burden Germany, Merkel told lawmakers in Berlin's lower house of parliament ahead of a EU summit on Thursday.

"That's why we need to have a discussion about a fair distribution of burdens on the funding side and also about a discount for Germany," she said.