The Telegraph: Britain will face £36 billion Brexit bill if it fails to agree a trade deal with EU, Chancellor warns MPs

16 October 2018

Britain will still have to pay the EU up to £36 billion if it fails to agree a trade deal, Philip Hammond has claimed, as Brussels said no deal is now “more likely than ever”.

The Chancellor told Cabinet ministers the UK would be unlikely to win any legal battle to withhold large chunks of the Brexit bill, despite previous Government promises that the payment was conditional on a deal.

Mr Hammond’s comments angered Eurosceptics, who described his stance as “mystifying”. However, sources close to the Chancellor insisted he was as frustrated as his colleagues with the EU’s intransigence, and was merely setting out legal advice the Treasury had been given. [...]

Full article on The Telegraph


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