UK ready to pay up to 40 billion euros to leave EU
Britain is prepared to pay up to 40 billion euros ($47 billion) as part of a deal to leave the European Union, the Sunday Telegraph newspaper reported, citing three unnamed sources familiar with Britain's negotiating strategy, APA reports quoting Reuters.
The European Union has floated a figure of 60 billion euros and wants significant progress on settling Britain's liabilities before talks can start on complex issues such as future trading arrangements.
The government department responsible for Brexit talks declined to comment on the Sunday Telegraph article. So far, Britain has given no official indication of how much it would be willing to pay.
The newspaper said British officials were likely to offer to pay 10 billion euros a year for three years after leaving the EU in March 2019, then finalise the total alongside detailed trade talks.
Payments would only be made as part of a deal that included a trade agreement, the newspaper added.
"We know (the EU's) position is 60 billion euros, but the actual bottom line is 50 billion euros. Ours is closer to 30 billion euros but the actual landing zone is 40 billion euros, even if the public and politicians are not all there yet," the newspaper quoted one "senior Whitehall source" as saying.
Whitehall is the London district where British civil servants and ministers are based.
A second Whitehall source said Britain's bottom line was "30 billion euros to 40 billion euros" and a third source said Prime Minister Theresa May was willing to pay "north of 30 billion euros", the Sunday Telegraph reported.
David Davis, the British minister in charge of Brexit talks, said on July 20 that Britain would honour its obligations to the EU but declined to confirm that Brexit would require net payments.
British foreign secretary Boris Johnson, a leading Brexit advocate, said last month the EU could "go whistle" if it made "extortionate" demands for payment.
Last week the Bank of England said Brexit uncertainty was weighing on the economy. Finance minister Philip Hammond wants to avoid unsettling businesses further.
If Britain cannot conclude an exit deal, trade relations would be governed by World Trade Organization rules, which would allow both parties to impose tariffs and customs checks and leave many other issues unsettled.
The EU has also wants agreement by October on rights of EU citizens already in Britain, and on border controls between the Irish Republic and the British province of Northern Ireland, before trade and other issues are discussed.
Related news releases
- 23.07.2018Number of Azerbaijanis who illegally visited occupied Georgian territories revealed
- 23.07.2018Miners stage protest in western Georgia
- 22.07.2018Turkish, US treasury chiefs to meet at G20 event
- 22.07.2018One person killed in Norwegian gyrocopter crash:
- 21.07.2018UK detains 2 Dutch nationals for importing 1.6 tons of cocaine
- 21.07.20182 dead after migrant boat capsizes in NW Turkey
- 21.07.2018Man arrested after knife attack on German bus
- 20.07.2018Germany bus incident: At least 14 injured in suspected knife attack in Lubeck
- 19.07.2018Armenian deputy PM: Problem in Upper Lars hinders export of goods
- 19.07.2018Turkey lifts two-year-old state of emergency
- 17.07.2018Obama warns against 'strongman politics' in speech after Trump news conference
- 16.07.20182 die in France during World Cup celebrations
- 16.07.2018Man ejected from room ahead of Trump-Putin press briefing
- 16.07.2018Mogherini: Summit of EU, EaP countries to be held October 15
- 16.07.2018Putin, Trump hold one-on-one meeting
- 16.07.2018Apartment sold in Bitcoin in Batumi
- 16.07.2018Putin-Trump summit gets underway in Helsinki - UPDATED
- 16.07.2018Mogherini: EU is planning to increase support to Eastern Partnership
- 15.07.2018Norway reconfirms commitment to NATO defense spending target
- 15.07.2018Georgian parliament expresses confidence in the renewed government
- 14.07.2018Putin, Erdogan discuss joint steps in Syria
- 14.07.2018Turkish, Russian presidents discuss TurkStream, Akkuyu project over the phone - UPDATED
- 14.07.2018Opposition party members dump coffin outside Georgian parliament
- 14.07.2018Forest fire in Georgia’s Svaneti extinguished
- 14.07.2018Malta rebuffs Italy, says not responsible for migrant boat
- 14.07.2018Word 'Russia' goes unspoken as Mattis meets Balkan defense chiefs
- 13.07.2018Tens of thousands march through London in anti-Trump protests
- 12.07.2018Turkey: Binali Yildirim elected parliament speaker
- 12.07.2018Trump says he will raise election meddling with Putin at summit
- 12.07.2018Trump says NATO allies agreed to boost defense spending after his pressure
- 12.07.2018Helicopter crashes in Georgia, 5 people injured
- 12.07.2018SG Stoltenberg: NATO’s door remains open for Georgia
- 12.07.2018Czech government wins confidence vote in Parliament
- 12.07.2018NATO formally invites Macedonia to join alliance
- 12.07.2018Putin, Netanyahu meet in Moscow
- 12.07.2018Turkish airstrikes ‘neutralize’ 17 terrorists
- 11.07.2018NATO allies vow to meet spending targets after Trump criticism
- 11.07.2018Georgia names new prosecutor general
- 11.07.2018George Tsereteli elected OSCE PA president
- 11.07.2018EU appoints new ambassador to Georgia
- 07.08.2017Armenian citizen detained in Georgia for illegally bringing seafood
- 07.08.2017Armenian citizen who killed woman and her child in Georgia sentenced to 10 years in prison
- 07.08.201754 Azerbaijani citizens serve sentences in Georgian prisons
- 05.08.2017Man arrested over British model kidnapped in Italy
- 05.08.2017One dead in flash flood in northern Italy
- 05.08.2017Germany accuses Vietnam of Cold War-style kidnapping of businessman