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Montevideo, June 25th 2017 - 22:30 UTC

UK's “exit bill” £ 48 billion? “It would be like leaving a bar without paying for your drinks”

Saturday, February 11th 2017 - 07:14 UTC
Full article 143 comments
 Sky News reported a figure of 57 billion Euro was agreed at a meeting chaired by the Commission’s chief Brexit negotiator Michel Barnier earlier this week Sky News reported a figure of 57 billion Euro was agreed at a meeting chaired by the Commission’s chief Brexit negotiator Michel Barnier earlier this week
International Trade Secretary Liam Fox has dismissed the idea Britain should pay an exit bill on withdrawal from the EU as “absurd”. International Trade Secretary Liam Fox has dismissed the idea Britain should pay an exit bill on withdrawal from the EU as “absurd”.
Brussels officials insist the UK will remain liable for its share of European projects to which it committed during its membership, as well as the bill for staff pensions. Brussels officials insist the UK will remain liable for its share of European projects to which it committed during its membership, as well as the bill for staff pensions.

The European Commission has refused to discuss the size of the “exit bill” to be handed to the UK when it withdraws from the EU, amid reports the demand has been fixed at around £48 billion.

 Sky News reported a figure of 57 billion Euro was agreed at a meeting chaired by the Commission’s chief Brexit negotiator Michel Barnier earlier this week, at which representatives of the European Parliament, the Council Secretariat and the 27 remaining member states also agreed that trade negotiations can start only after reaching agreement on the exit bill.

But Commission officials insisted they would not discuss numbers publicly at this point, saying only the technical work to determine the UK’s liabilities was “ongoing” and was based on “objective and verifiable” data.

International Trade Secretary Liam Fox has dismissed the idea Britain should pay an exit bill on withdrawal from the EU as “absurd”. But Brussels officials insist the UK will remain liable for its share of spending on European projects to which it committed during its membership, as well as the ongoing bill for staff pensions.

Earlier reports have suggested a demand of between 50-60 billion Euro was being considered. It is not thought Monday’s meeting settled on a precise final figure.

A Commission spokesman said: “On February 6, Michel Barnier chaired a technical seminar with the EU 27 member states, the European Parliament and the secretariat of the council of the EU.

“The aim of the meeting was to create a common understanding of the key issues that need to be included in an orderly withdrawal agreement.

“It is no surprise that budget experts in the Commission and other EU institutions are making calculations in view of the UK referendum result and the upcoming Article 50 negotiations.
“Technical work is ongoing and is based on objective and verifiable data. We are not discussing numbers publicly in this context.”

Discussing the meeting earlier this week, chief Commission spokesman Margaritis Schinas said for Britain to quit the EU without settling its bills would be like leaving a bar without paying for your drinks.

“During the time of its membership, the UK has taken – and probably will take – financial commitments,” said Mr Schinas on Tuesday.

 

Categories: Economy, Politics, International.

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  • Kanye

    And now that “voice” has been made to look churlish by his trolling, he resorts to attempted personal attacks and pettiness

    Feb 12th, 2017 - 06:59 pm +8
  • Clyde15

    Think
    So that makes you 129 years old. That explains a lot about you and your mental state !

    Feb 14th, 2017 - 05:21 pm +8
  • The Voice

    Don't forget the Spanish waiters, Romanian pickpockets, various scamsters and benefit cheats…

    Feb 12th, 2017 - 02:34 pm +5
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