Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> > >

Brexit: Will the UK Have to Keep Paying the EU?

One News Page Staff Wednesday, 30 January 2019
Brexit: Will the UK Have to Keep Paying the EU?by πŸ‘¨β€πŸ’» Simon Baxendale

Another week has gone by, and it has – as always – been another dramatic week for Brexit, and for UK Prime Minister Theresa May. In brief, May has managed to get backing from Parliament to return to the EU to make arrangements on an alternative to what has been referred to as the Irish ‘backstop’ – an issue which, once the UK has left the European Union, would mean that there are still factors linking the two. This issue has enraged those who are keen for the UK to leave outright – and while May has attended Brussels in the hopes of finding an alternative to the backstop, the EU has reportedly remained steadfast with regard to any further negotiation.

EU To The UK: Brexit Deal Won't Be Renegotiated
EU To The UK: Brexit Deal Won't Be Renegotiated [video]

The latest twist in the tale, according to The Independent, is the fact that the UK may still be expected to continue making payments to the EU even in the event of a ‘no-deal’ scenario, as detailed by European Commission officials in Brussels on Wednesday. It’s being suggested that the UK will need to consent to a plan for the country to continue to keep up payments to the EU beyond its 2019 budget. This, according to officials, will help to soften the blow of a ‘no-deal’ exit.

“As highlighted on many occasions, all commitments taken by the 28 Member States should be honored by the 28 Member States,” an official European Commission statement advises. “This is also true in a ‘no-deal’ scenario, where the UK would be expected to continue all commitments made during EU membership.”

“Today’s proposal enables the EU to be in a position, in a ‘no-deal’ scenario, to honor its commitments and to continue making payments in 2019 to UK beneficiaries for contracts signed and decisions made before 30 March 2019, on condition that the UK honors its obligations under the 2019 budget and that it accepts the necessary audit checks and controls.”

This news may not sit well with certain UK citizens, as the tangled web of Brexit appears to continue to twist itself up. With PM May reportedly considering discussing reaching a new approach to the backstop with opposition leader Jeremy Corbyn, time is very much running out for any deal to be found – and with the British Pound dropping in exchange, it seems that the financial sector isn’t too sure a clean deal will ever be found.

British PM May says no-deal vote 'cannot be end of the story'
British PM May says no-deal vote 'cannot be end of the story' [video]

0
shares
ShareTweetSavePostSend
 

Recent related videos from verified sources

Theresa May Fights To Keep Control Of Brexit [Video]Theresa May Fights To Keep Control Of Brexit

According to Reuters, Prime Minister Theresa May battled to keep control of Britain’s exit from the European Union on Monday as some in her party called on her to quit and parliament plotted to wrest..

Credit: Wochit     Duration: 00:57Published

UK PM May Won't Have Vote Unless She Knows She Will Win [Video]UK PM May Won't Have Vote Unless She Knows She Will Win

Britain's Prime Minister Theresa May and Britain's Secretary of State for Exiting the European Union Stephen Barclay are seen outside Downing Street in London, Britain, March 25,..

Credit: Rumble     Duration: 00:36Published

UK PM May Won't Have Vote Unless She Knows She Will Win [Video]UK PM May Won't Have Vote Unless She Knows She Will Win

Britain's Prime Minister Theresa May and Britain's Secretary of State for Exiting the European Union Stephen Barclay are seen outside Downing Street in London, Britain, March 25, 2019. REUTERS/Peter..

Credit: Wochit     Duration: 00:36Published

Over 5 Million Sign Petition To Cancel Brexit [Video]Over 5 Million Sign Petition To Cancel Brexit

Business Insider reports over 5 million people have signed an online petition demanding the UK government cancels Brexit. The petition urges Theresa May's government to keep the UK in the European..

Credit: Wochit     Duration: 00:32Published


Recent related news from verified sources

UK: On the third vote, Brexit will be? – Westpac

According to Tim Riddell, macro strategist at Westpac, the only Brexit certainty is continued uncertainty and with only a week before the Article 50 end date EU...
FXstreet.com Also reported by •The Daily Mash

Brexit fatigue permeates the UK

EU leaders have agreed to extend the Brexit deadline but the 'keep calm and carry on' attitude of the British people is beginning to wear thin.
SBS

You Might Like


Other recent news in UK

Does the MUELLER report exonerate Donald Trump?Donald Trump 'did not knowingly co-ordinate with RUSSIA' during 2016 campaign
SCOTT WALKER dies aged 76Bonnie Tyler on her 50 years in the music BUSINESS
•More original news reports from One News Page
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.