The UK faces another two years of Brexit negotiations, in a proposal by the EU that could cost billions of dollars.

Europe’s chief Brexit negotiator, Michel Barnier, raised the idea during a special meeting with ambassadors from the EU’s 27 member states.

The plan would mean the UK follows EU rules and pays into its budget for six and a half years post-Brexit vote.

Both sides hope to finalise extension negotiations during the summit on November 25.