The Financial Times reports, “Brussels hoists gross Brexit ‘bill’ to up to €100bn – France and Germany back tougher approach to Britain’s departure obligations”. [Click on image to expand].
The UK’s annual net contribution to the EU is around £10 billion. Asking us to pay €100 billion up front is optimistic. No, it’s downright bonkers. It’s naive of the EU to release their estimate of the UK’s debt of between €91bn-€113bn during a general election campaign, for surely it will strengthen Theresa May’s vote. Is that what they want? Goodness only knows.
This nonsensical number, of €100 billion, is bound to increase the clamour for a quick exit from the EU, which I’d be against. We must now learn to play hardball with the EU. I recommend we publish our proposals for citizen rights in fine detail, and be prepared for public negotiations. The EU will soon see the benefit of conducting confidential negotiations.
Here are a couple depressing of quotes from the FT’s article,
It also reflects the steadily hardening position of many EU member states, which have abandoned early reservations about the bill’s political risks to pile on demands that will help to plug a Brexit-related hole in the bloc’s common budget.
At the request of France, Germany and several other member states, the commission also abandoned its initial plans to offer the UK a share of assets, worth between €3bn and €9bn, depending on the definition used.