Pay up, Boris! ‘Sour’ Brussels orders UK to cough up £25billion Brexit divorce bill costs
THE EU is badgering the UK to settle its payments for leaving the bloc after talks, it can be revealed today.
UK and EU officials on the Specialised Committee on Financial Provisions held talks regarding implementation of Part Five of the Withdrawal Agreement which concerns payments to the bloc by the UK after the end of the transition period. Under the agreement, the UK is required to settle its financing of all the obligations or liabilities undertaken while it was a member of the EU.
The Office of Budget (OBR) responsibility there is £25billion left to pay by 2057 as of January 2021, of almost £18billion of which will be paid in the first five years.
A large part of the bill is the UK’s remaining EU budget contributions.
The OBR estimated that the majority of this will be paid by 2023/24 with relatively small amounts paid up until 2064.
During the meeting which took place this week, the UK agreed with the EU to make their next payment of the UK’s net liabilities under the Withdrawal Agreement on 30 June 2021.
Following this, the UK will pay back their bills in four-monthly instalments.
However, the European Commission will submit letters to the UK twice a year until their debts are paid back in full.
A joint UK Government and EU Commission statement, added: “The European Commission will submit the payment communications to the UK twice annually, in April and September, until outstanding net liabilities are extinguished.
“The EU and UK sides reaffirmed their commitment to complying with their legal obligations under the Withdrawal Agreement.
The two sides committed to continue working collaboratively on a range of implementation issues, in recognition of the mutual benefit of smooth implementation of the financial provisions of the Withdrawal Agreement.”
This afternoon, UK officials close to the initial Brexit negotiations told Express.co.uk they would “honour” the obligations under the deal.
But they stressed the payment communications message seemed like “a mild form of badgering”.
One added to this publication: “We’re aware we owe the EU financially but the tone from Brussels appears very sour.
It feels like the EU is a more dominant force when it comes to leaving the bloc from these talks, but that’s certainly not the case.”
The talks come as relations between Brussels and London became strained over the way the earlier Brexit divorce deal is being implemented in Northern Ireland.
The European Union’s top official warned that the Brexit trade deal has “real teeth” and Brussels will not hesitate to take action if UK Prime Minister Boris Johnson breaches its terms.
Commission President Ursula von der Leyen said she hopes the EU will not have to use the measures contained within the agreement as the European Parliament voted on the Brexit deal.
The ratification was one of a few remaining formalities which need to be completed before the deal struck by Mr Johnson and the EU on Christmas Eve last year is finally implemented.
source
Let them wait,when do we get paid for assets we own
No don’t pay them until they treat us with respect
thinks we have paid more than enough, when are we going to get back our share, I think Boris needs ahead shrink if he pays any more of our cash to the thieving eu. we know they already think he's a wimp or worse if only he grew some backbone
Make them wait. They wont be around in six months.
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
Boris will bend over again, he's such a fuckin coward.
a lot more then that,,,
EU don't believe in good faith, we know they will use any excuse to attack us, usually to cover up their own incompetence.
Make them wait!!!!!
Fcuk them wto and pay fcuk all
Tell them British citizens say no to all take it up with them I have to do as they bid I'm only an employee
Give Brussels our bill for £ 100 billion for their deliberate slandering, bullying, obstruction, Blackmail and fear mongering for 4 years plus another £200 billion for our share of the properties we have part ownership of and their failure to negotiate an agreement in an honourable manner.
Don't Pay to the con man
APRIL 2021 maybe the EU might like to cough up that TAX REBATE that you owe the UK, with five years interest on top of it.
Do I hear a YES from the EU?
Tell them to sod off
Contra it against the monies owed us for our share of the EIB and the decades of unpaid dividends they have no intention of paying us… And that's the tip of the iceberg, they use us billions more… Just keep contra all payment against what they owe us… We will never see it any other way.
Do you like to bully but on the have a hand they need us so much if you didn’t need is why did you ratified a deal
Don’t pay until they get rid of all the red tape in n/Ireland then give them £5 a month until they stop being jealous brats🇬🇧🇬🇧🇬🇧🇬🇧
Who is a joke badger in England for money knowing that they’re trying to play with us with a finance companies what a joke I would not give them anything for the way they have been Boris Johnson needs to grow some balls and so does parliament but you’re all taking it up the arse
Yes supposed to be five years to make payment now they won’t one time should’ve gone WTO
The Brexit deal has not been completed still some loose ends even after 5 years, they can wait a similar time scale can't they.
Why pay EU the money as we have left, should have gone for no deal. Think of what that money could do for the British, unemployment, industry, fishing, farming, homeless, food banks and more. This is when they are trying to stop British vaccines, financial, blocking ports, not agreeing to look after expats, Northern Ireland, illegal immigrants and more. What is this government up to have we left or not and to make payments year on year is incredible. WTO
This has got to be the most expensive and disgraceful divorce demand in history !!!
The EU despises do UK despises it
I’ve just proved the UK government have told the donkeys hundred percent food
Yet more demands. Don't they know whe're out.
This money is not due in it's entirety until 2057. All Boris has to do is invest that amount in some safe Government shares and let France wait until due date.
Was that part of the widrawal deal the UK parliment signed on and ratified. So whats the problem. UK now want to reneged on that deal. Is that what UK wants to project to the world. UNTRUSTWORTHY?.
Pay them Nadda, Zilch.
That will be Compensation for the Dingy Disaster.
Pay them squat. How about you pay up for WWII.
Dont you pay anything boris
Keep our hands upon the purse strings.
Money is our bargaining advantage.
EUC and UVDL are very SKINT so
they cannot buy covid vaccines !!!
UK has the "whip hand" √√¦
As we leavers stated the EU only wants our UK Money
Brexit is hurting the EU more than than UK
MEPs have stated this
They also have stated this
But you will never hear this from Remoaners
Ask them to send it in Cornish,
Tell them to go and take a jump pay us for all the money we paid for to keep them ft
Don’t give them a penny look at the amount they have cost the uk make them pay that
Only pay as they stop abusing the UK they need to start working with us not against us and the deal fkr ex pats on both sides says they get emunity to remain do the eu want us to start eh nationals in the UK with the migrants you wil, be getting very soon youccal, it eu
With all the threats from this corrupt bloc I wouldn't give them a penny until they show they can stick to an agreement.
I think that we are a cash cow
Wait Boris. Make them wait. Tell them until they start to play fair and be reasonable there will be no money. Hold fast. Give no monies.
Tell them to get lost until they demonstrate good faith.
our Civil servants in financial sector must have kept records of our payments , we weren't handing it out willy nilly were we , or someone said we told them to keep the £45Bullion the ECB still owe us ,which they kept reinvesting back into bank instead of handing it over to us. if so they owe us .