Wednesday, 5 April 2017

Britain slam Brussels with huge bill in retaliation to divorce fee demand by EU leaders

Britain hit Brussels with exit bill

Theresa May fires a hard one against the European Union, as Britain look forward to getting back refunds running into billions of pounds from the EU instead of paying billions tagged exit fee, as demanded by Brussels,

According to a source from the UK government, the country is fully ready to hit back with the counter demand, should Brussels brings up a stringent exit bill

"This is being presented in a binary way as a divorce bill, in which we owe them," the source said.

"It's not like that - it's more like leaving a gym or a club.

"You don't continue to pay for other people to use the facilities after you leave."

In a similar vein, a Downing Street spokesman states that: "That will be something that will be dealt with during the negotiation."

Recent legal advice from the House of Lords stated that Britain was not obliged to pay a penny in a “divorce” settlement to the EU under international law. However, the EU’s chief negotiator is understood to be preparing to demand the cash when the talks begin in earnest this summer.

Some government officials are of the opinion that Britain could end up being refunded about £9 billion which is being held by the European Investment Bank. The said amount is based on an estimate of the present worth of British taxpayers’ investment into the EU’s institution.

Similarly, separate study has advocated that Britain could be entitled to a further £14billion worth of EU assets including property, cash and other investments.

Tory MP David Nuttall described the move to prepare a register of the estimated share of EU assets as "sensible."

"I would expect that they will be doing this.

"There has been a lot of speculation and rumours. It seems to be to be perfectly sensible," Mr Nuttall said.

"We have been paying into this organisation for years. Clearly, the EU has assets.

"If they are going to start saying we owe them money for all these things, it seems common sense that we should be able to ask what about all the assets that we have helped to build up in the past.

"We should sweep that to one side and say honestly, these back of the envelope calculations do nobody any good."

Henry Newman, director of the think tank Open Europe, said the balance sheet "must consider not just the UK’s commitments, but also its share of EU assets and claims".

Potential assets for the UK could include a proportion of EU buildings such as embassies and administration headquarters, future spending earmarked for the UK and loans, Mr Newman said.

"Theresa May has - rightly - accepted the principle that both sides should settle their outstanding commitments.

"But while we should agree a methodology for doing this early on, there's no way any British PM could agree to signing a blank cheque at the start of negotiations," he added.

A month ago, Boris Johnson advised the Prime Minister to implement her predecessor Margaret Thatcher's approach to financial wrangling with Brussels.

“I think we have illustrious precedent in this matter: I think you can recall the 1984 Fontainebleau summit in which Mrs Thatcher said she wanted her money back and I think that is exactly what we will get," the Foreign Secretary said.


Many Euro-sceptic Tory MPs have argued that Britain should avoid getting sucked into a wrangle over exit payments or refunds. They believe that both parties should accept a clean break with no payments in either direction other than those for existing payments such as pensions and salaries for officials.

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