May ‘willing to pay’ £53BILLION Brexit bill: PM to buckle to Brussels to kickstart trade

THE Government has indicated it is willing to meet Brussels’ demands for a £53 billion Brexit bill in a bid to move negotiations on to trade, it is claimed.

Theresa May has signalled her willingness to pay the huge sum, which equates to €60 billion, via officials, the Sunday Times reported.It is hoped that, by accepting the demand, talks can finally progress to Britain’s future relationship with the bloc in December.The figure is around three times higher than previously offered to cover a two-year transition period.

Theresa May could make the huge offerGETTY•REUTERS

Theresa May could make the huge offer

And a Government source told the paper: “The value of getting a smoother process of transition and a smoother process of trade in the end game is worth quite a lot.“These are sums that make any lubrication of the process look like small change.”

David Davis has been negotiating with BarnierGETTY

David Davis has been negotiating with Michel Barnier

EU negotiators have called for the €60 billion bill to cover the cost of Britain’s budget commitments alongside costs of MEP pensions and aid.But, if the offer is made, Mrs May could face fierce criticism at home for paying over the odds.Senior figures in her own party have repeatedly urged her to walk away if Brussels demands an exorbitant divorce fee.

International Trade Secretary Liam Fox last week warned it was “unreasonable” for the EU to insist on such a high figure before trade was discussed.

He said: “We need, before we make any offer on any financial settlement, to know what we are getting in that end state,” he told the committee.”We have said to the EU: ‘Show us what the end state looks like and we can then talk about the financial disaggregation’.“The idea that the UK would actually agree to a sum on money before we know what the end state looks like or what any future potential would be, I think is a non-starter.

“I think it is unreasonable, given the business interests across the European Union and given the interests of international investors, not to want to start the next phase, given that I think substantial progress has been made on issues like European citizens’ rights and basic agreements on positions over Ireland.”

During her landmark Florence speech, Mrs May offered to pay £18 billion.

But the offer was immediately slapped down by Antonio Tajani, former President of the European Parliament, who said the sum was “peanuts”.

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She needs to go and go now, If she gives a huge sum off taxpayers money to the eu they will only immediately demand more. I am sure she knows this and is doing her best to make Brexit fail. Don’t wait for her to jump push her out. I would rather have Boris than her or almost any Brexiter. We need a strong pm not a weak kneed wimp like her,They should, make it very public we are conducting talks with the WTO and we must be prepared to walk away without paying them a penny, We should have… Read more »

Jane Davies
Jane Davies

This money does not belong to the Government, it is taxpayers money and the taxpayers are saying NO. If this is allowed to happen then May is toast.

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