UK Intends to Refuse to Pay €60 Billion to EU after Brexit

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According to lawyers of the British government, the UK has a legal reason not to pay €60 billion to the EU under previously signed agreements.

UK Intends to Refuse to Pay €60 Billion to EU after Brexit

UK Prime Minister Theresa May (Photo: Sputnik / Aleksey Vitvitskiy)

Lawyers of the British government concluded that the UK has a legal reason not to pay €60 billion to the EU under previously signed agreements, after leaving the European bloc, the Times newspaper reported.

“Our legal advice has been that there is no need to pay at the end of the Article 50 process,” a government source told the newspaper.

The lawyers believe that there is no law or agreement that can force the UK to carry out these payments, and Brussels has no legal grounds to claim the opposite. According to the lawyers, the payments will be possible, if they are provided by an agreement on the settlement, approved by the both sides.

“Think of it like golf club rules. Once you leave the club, there is no obligation to keep paying,” the newspaper’s source said.

According to the source, the UK can offer to make payments on a voluntary basis, but only if it will provide the country a preferential access to markets and cooperation in such areas, as justice and security.

In June 2016, Britons voted in favor of the country’s exit from the EU. In accordance with the decision of the Supreme Court, the government introduced to the Parliament a bill on the Brexit’s start. UK Prime Minister Theresa May is going to use Article 50 of the Treaty of Lisbon on withdrawal from the EU until the end of March.

Earlier, it was reported that Brexit would cost €50-60 billion for the UK, as London should pay out this money to the EU under previously signed agreements. As high-ranking sources in the EU noted, the issue of the payment of tens of billions of euros by London would be one of the first in the agenda of talks with the Theresa May’s government after the start of the process of the country’s exit from the EU, which is scheduled for March 2017. This sum of money includes multi-year commitments of the UK.

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