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The United Kingdom isn’t going to pay 100 billion euros just to leave the European Union. That’s what Brexit minister David Davis unveiled on Wednesday after the Financial Times disclosed that the European Union was about to demand the given amount.
Citing its own analysis of fresh stricter demands it told were driven by Germany and France, the newspaper told that 100 billion euros turned to be a big figure.
Davis informed the British channel ITV that Great Britain won’t shell out 100 billion. Instead, the country will discuss in detail what the obligations and rights are.
He added that the UK government hadn’t seen a figure from the European Union for the exit bill.
Besides this, the FT stressed that following requests from member states, the initial calculations were revised by EU negotiators for the purpose of maximizing the liabilities Great Britain would be asked to cover, including EU administration fees and post-Brexit farm payments in 2019 and 2020.
In October, the United Kingdom recorded a greater budget deficit than anticipated, as follows from first borrowing figures, since finance minister Philip Hammond pledged an end to austerity was over there…
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In November, UK factory orders managed to recover, although previously in October they sagged steeply…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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