Wednesday 12 October 2016

POST BREXIT: UK's bid to avoid paying funds into the EU may be a farce.

Post Brexit

It was guaranteed amid the EU referendum by Vote Leave, that leaving the EU could spare the UK £350m a week in commitments.

In any case, an anonymous cabinent minister has told Newsnight that the UK may wind up paying a considerable amount of that cash to secure access to the single market.

Though the current government has said it would not give a "running commentary" on Brexit negotiation. The UK's commitments to the EU got to be a standout amongst the most disagreeable issues in the EU referendum after Vote Leave swore to repatriate £350m a week - its gauge of the UK's gross week by week commitments to the EU.

This is diminished by aids paid to the UK and by the UK spending discount.

Be that as it may, a main light in the Brexit battle said they now expected the UK could even now be made to up as much as £5bn a year into EU, as a by-product of access to the single market.

This is generally 50% of what the UK would have anticipated that would add to the EU - assessed by the Office for Budget Responsibility to average around £9.6bn a year from 2015.


A senior authority has depicted the possibility of proceeding with UK commitments to the EU as the "dog that hasn’t barked" after Prime Minister Theresa May made no reference to the issue when she set out her red lines for her anticipated EU arrangements a week ago.

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