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Tuesday 20th March 2018

UK to Withhold $37 Billion from EU in No-Deal Brexit

Politics

7Dnews London - Reuters

Sun, 25 Aug 2019 01:09 GMT

British Prime Minister Boris Johnson is set to inform European leaders that he will withhold about $37 billion from the Brexit divorce bill unless there is an agreement reached regarding changes to the deal, Reuters reported.

According to Reuters, lawmakers believe that if the UK drops out of the EU without any trade deal is in place, the British government would pay only $11 billion. The reason for the massive drop in money paid would be the result of there being no transition period costs that could apply.

Europe