‘He has no mandate’ Barnier has NO POWER until he gets UK to pay Brexit bill

MICHEL BARNIER has “no mandate” to progress with Brexit talks until a UK divorce bill is agreed, according to a city finance chief.

Miles Celic, CEO of TheCityUK, which promotes Britain’s financial services industry, said the European Union chief negotiator had his hands tied and could not begin with the next stage of talks before settling on a cost for the UK to leave the Brussels bloc.Theresa May is expected to offer £18billion (€20BN) to Angela Merkel to fill the hole left by Brexit in the EU’s budget – a fraction of the €100BN believed to be being demanded by Mr Barnier.

Speaking on the Today programme on BBC Radio 4, Mr Celic said: “We’ve been told directly, I was in Brussels earlier this week, he has no mandate to discuss the transitionals.

“We were talking to a representative of one of the EU member states, they said as soon as this stuff is done, we can fix the transitional piece in half an hour he said.

MilesCelic_MichelBarnierSKY NEWS•GETTY

Miles Celic said Michel Barnier held no power to progress with Brexit talks until a bill was agreed

We’ve been told directly, I was in Brussels earlier this week, he has no mandate to discuss the transitionals

Miles Celic

“Now there’s a degree of hyperbole of course, but I think there’s an appetite on both sides to move forward.”He agreed with a Reuters survey that about 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access to Europe’s single market.

EU finance chiefs are believed to be demanding Britain pay a staggering €100BILLION (about £89BILLION) before Michel Barnier and his team will even deign to discuss Brexit terms.

But on Friday Mrs May is expected to meet a fifth of the EU demands and make an offer of €20BN in a bid to break the three-month deadlock in Brexit talks.

According to the Financial Times, Olly Ribbons, the Prime Minister’s top EU adviser, has contacted his colleagues in European capitals to tell them that Mrs May’s Friday speech in Florence would include the financial offer.

One EU official told the paper: “There is a contribution to make for that single market participation which is independent and on top of any debts from the past.”

In a 4,000 word article in the Telegraph, Boris Johnson told Mrs May to forget about paying excessive sums into the EU after 2019

Leave a Reply

Help put the World to rights and leave a Comment

Notify of
Powered by: Wordpress
%d bloggers like this: