Michel Barnier, the EU's chief negotiator is set to present the UK with a bill for 49 billion euros as our contribution to commitments entered into during membership (HERE). In other reports he is said to have a formula rather than an actual figure but I assume this is the figure his formula produces at the moment.
It is also claimed that this sum must be negotiated and agreed before talks can begin on our future relationship with the EU. There will be enormous pressure on David Davis from Brexiteers to pay nothing and from industry to pay whatever is needed to secure tariff free access for as much of our exports as possible.
No comments:
Post a Comment