Britain wants a future relationship with the European Union to be based on friendly cooperation, the prime minister's spokesman said on Tuesday when asked about a report suggesting London could be fined if it breaks the terms of a trade deal.
Earlier, the Financial Times said plans presented by the European Commission on Monday suggested that Britain could be fined or lose preferential access to the European market if it violated the terms of a future relationship deal.
But Britain is working to ensure a prosperous future.
Recently, the International Monetary Fund made a humbling U-turn, admitting that post-Brexit Britain will leave the rest of Europe in its wake.
Their initial 'Project Fear' style prediction was made by Christine Lagarde who is the new boss of the European Central Bank.
Ms Lagarde was IMF managing director when she made prediction in 2016 on the eve of Brexit. Her former colleagues at the IMF now admit she got it massively wrong and predict post Brexit Britain will leave the rest of Europe in its economic wake.
Economic growth is now predicted to be 1.4 percent this year and 1.5 per percent in 2021, in each case better than the Euro Area, where the figures are 1.3 percent and 1.4 percent respectively.
In addition, the UK figures are superior to those of Germany (1.1 percent and 1.4 percent) and France (1.3 percent for both years).
The PM's spokesman said the government would seek to overturn any changes brought to its divorce deal, or Withdrawal Agreement Bill, by the upper house of parliament, the House of Lords.