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Britain is planning to claim a share of the EU’s 42,000-bottle cellar of wine, cognac and other spirits, its art collection and its €8.7bn property portfolio as the government gears up to haggle over Brexit with Brussels.

As in any divorce, untangling EU-UK financial affairs is expected to be one of the most difficult part of the negotiations. Any exit deal must settle complex liabilities including the UK share of guarantees on €60bn of Eurocrat pensions and almost €20bn of European Investment Bank loans......

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