German EU Chief tells UK to pay up until 2023 after #Brexit
Source : NewsBharatiDate : 03-Sep-2017
London, September 3: Brexit in Europe is a gigantic contentious affair which is to make a massive hole in the pockets of the British government. As the negotiations move on from both the sides, the European Commission’s budget chief has risked further inflaming tensions with Britain’s Brexit negotiators by declaring that the UK “must continue to make payments to the EU” until 2023.
Gunther Oettinger, the budget commissioner, who is not part of Michel Barnier's negotiating team, said "the European Union expects the British to hold commitments". He went on to suggest that the country should continue making contributions to Brussels for four years after its departure in 2019.
It comes after negotiations with Brussels ended in deadlock last week with the EU refusing to accept that trade negotiations can proceed before the UK agrees on the basis for a so-called divorce bill.
However, John Redwood, Conservatives MP dismissed the EU budget commissioner’s claim by saying, “There's no way we are going to go on paying after we have left. That would be completely idiotic. We don't owe them any contributions after we have left, full stop."
Regarding the divorce bill payment, the grapevine has it that the EU could ask up to $36 billion to settle the bill covering the period up until 2021- based on a transition deal in which Britain would offer to continue to make net payments to the EU of some €10bn-a-year for up to three years after Brexit.