Monday, 22 May 2017

Battle line drawn, as Theresa May perfects plans to give Brussels Britain’s Brexit divorce bill

UK government to give Brussels its own Brexit bill

In a response to the huge Brexit divorce bill levelled against the United Kingdom, Theresa May’s led government has also concluded plan to hit Brussels with a huge Brexit bill.

According to the PM, Brussels is also owing Britain several billions of pounds as a result of its share of the European Investment Bank and other joint projects.

Speaking to the Sunday Telegraph the PM mentioned that “money paid in the past” by the UK must be taken into account in any final financial settlement.

The Prime Minister also acknowledged that the UK had financial “rights” which must be respected during Brexit negotiations about payments as well as “obligations” to the EU as it leaves.

The PM’s intervention is a clear refusal of hardline EU countries who have contended that the UK should not get back its proportion of EU assets.

According to the PM: “There is much debate about what the UK’s obligations might be or indeed what our rights might be in terms of money being paid in in the past. We make it clear that we would look at those both rights and obligations.”

“There’s the investment bank, there’s the investment fund, and there are various areas. This will be, as you know, an important part of the negotiations.”

The comment is the first time the Prime Minister has indicated publicly she wants to keep a share of the European Investment Bank.


It was also reported by Government sources that the UK’s share of the bank has been estimated at 16 per cent - which equals to around £8.5 billion.

No comments:
Write comments