Brexiteers, Brussels both angered by EU budget extension with UK - The Times

Joshua Gibson FXStreet

European countries within the EU angered both hard-line Brexiteers and EU leaders in Brussels after inviting the UK to help determine the EU's £1 trillion budget up to 2027, beyond Brexit and a date that would require the UK to continue paying billions into the EU, despite the UK leaving.

Britain will help to determine the EU’s £1 trillion budget up to 2027 after European countries defied Brussels and invited UK officials to take part in negotiations. The invitation, which has been accepted, was made because EU officials believe that Britain will keep paying billions of euros to Brussels for years after Brexit.

The European Commission is furious at the plan, which was devised by the EU council representing individual member states. The commission claims that Britain will use budget discussions to change the rules to make it easier for the country to join science, research and other spending programmes after leaving the EU.

- The Times

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Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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