Ten Things You Need to Know Today: Saturday 4 Mar 2017

1. Theresa May 'can reject' EU’s demand for £50bn

Peers have told Theresa May she can walk away from the EU without paying a £50bn "divorce settlement" being demanded by Brussels. A Lords committee said the government would be in a "strong" legal position if the Article 50 talks ended without a deal. However, the committee also warned failure to reach any kind of financial terms would undermine May's aim of securing continued favourable access to EU markets.

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