Britain concedes it will have to pay EU exit bill - FT

Ross J Burland FXStreet

The Financial Times has reported that Britain will indeed face Brexit liabilities that had been previously estimated by the EU to stand at up to EUR 100bn gross, a reality that Britain for the first time has doubtlessly acknowledged.

The Financial Times writes, "In a written statement to Parliament touching on a “financial settlement”, the government recognised on Thursday “that the UK has obligations to the EU . . . that will survive the UK’s withdrawal — and that these need to be resolved”."

Full article here: Britain concedes it will have to pay EU exit bill -The Finacial Times

However, this by no means suggests that Britain will not look to negotiate out of such liabilities, for the FT article concluded that, "the British side see the statement as an effort to improve the tone of talks, rather than as a concession of substance.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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