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BREXIT ANGER: Legal experts claim UK will have to pay into EU budget until 2020

BRITAIN could be forced to contribute to the EU’s budget even after a deal is struck for Brexit, according to legal experts.

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The government could be forced to contribute to the EU’s budget even after Brexit

Professor Takis Tridimas from Kings College told the BBC that the EU’s ‘Multi-Annual Financial Framework’ was the key behind the reason that the UK may have to dig deep into its coffers.The UK entered into the agreement in 1972 under the then European Economic Community. In 2013, all member states agreed upon the budget again until 2020.

The stark admission means the UK could still be lumped with a massive bill even after leaving the EU because it has lingering obligations to fulfil.

Professor Tridimas, chair of European law at Kings College London, told the Lords EU Financial Affairs sub-committee said: “MAFF can be revised and I think Brexit is grounds for revision. But to my mind unanimity will be required to affect it.”And while the UK will begin official talks on Brexit in March this year the EU’s multi annual financial framework will last until 2020.

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Nigel Farage said a Leave vote would mean a £350 million for the NHS

During the referendum on the EU, leave campaigners pressed home the point that Britain’s exit would alleviate it of its european financial responsibilities.This, they argued, would mean that the money could be better spent on the NHS and other sectors in the UK.

The Government has not yet ruled out the idea Britain will still contribute to the EU’s annual budget in the wake of Brexit.

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It could stoke anger if the country has to contribute to the EU after it negotiates its exit

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The EU budget was set again by member states in 2013 until 2020

But it could stoke anger among leave voters if the country finds itself still having to contribute after it negotiates its exit.One of the biggest issues for the Government is the fact there is no precedence for a member state leaving the EU, so this will mean much has to be worked out as Britain breaks with protocol.

Rhodri Thompson, a barrister from Matrix Chambers, warned the UK may face a ‘significant liability” which could end up being decided by the courts over its financial responsibilities.

http://www.express.co.uk/news/uk/753253/BREXIT-ANGER-Legal-experts-claim-UK-will-have-to-pay-into-EU-budget-until-2020
Posted on 12th January 2017 by . This entry was posted in Brexit. Bookmark the permalink.

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