The European Union’s Budget Commissioner has admitted that “there’s not really a court to settle the dispute” if the next British Prime Minister refuses to hand over the £39 billion Brexit bill.
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Gunther Oettinger said yesterday that: “Mrs. May’s government accepted the payment of that amount so we expect that, no matter which government will be our negotiating partner in the future. We expect them to accept that bill.
“We’re willing to go into the detail of how that sum breaks down. If a future government would not be ready or willing to pay then the problem is there’s not really a court to settle the dispute, but we do have some arguments.”
The ridiculous EU claim that the UK must hand over nearly £40 billion just because that’s what they got Theresa May on the hook for is unlikely to hold much weight.
The frontrunner to be the next PM, Boris Johnson, has already threatened to hold back the £39 billion unless Brussels shift position in the negotiations.
Meanwhile S&P primary analyst for the UK, Aarti Sakhuja, recently told Reuters that: “The UK not paying the £39 billion would therefore not constitute a sovereign default under our methodology,” as “our ratings speak to commercial debt obligations”.
A fresh approach is required by a new Prime Minister who is willing to withhold the £39 billion and use it to help offset any short-term disruption from leaving the EU without a deal on 31st October.