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13 October 2017

The Times: Britain must pay EU debts to avoid Brexit cliff edge, warns Juncker

Britain must pay budget liabilities estimated at up to £47 billion if it wants to begin transition and trade talks to prevent a Brexit cliff edge in 2019, Jean-Claude Juncker has said.

The European Commission president’s warning comes as the leaders of the other EU countries prepare to meet next week to discuss among themselves on trade after Brexit.

“The British are discovering, as we are, day after day new problems,” Mr Juncker told university students in Luxembourg this morning. “That’s the reason why this process will take longer than initially thought.

“We cannot find, for the time being, a real compromise as far as the remaining financial commitments of the UK are concerned. They have to pay, not in an impossible way.  [...]

Full article on The Times (subscription required)

© The Times

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