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EU warns UK must pay bill even in 'no deal' Brexit

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The European Commission warned that Britain will have to pay its outstanding share of the existing EU budget.

File: Brussels said it would not enter talks on future trade until London honours"the financial obligations the UK has made as a member state".BRUSSELS - The European Commission warned on Wednesday that Britain will have to pay its outstanding share of the existing EU budget even if it leaves the union without a withdrawal agreement., Brussels said it would not enter talks on future trade until London honours"the financial obligations the UK has made as a member state".

This would mean, the EU statement said, there would be no transition period next year -- which officials estimate would save Britain around 12 billion euros on the bill -- but the balance would be outstanding. Johnson has suggested that withholding the funds could give Britain leverage in the divorce talks, but Wednesday's EU statement said no such negotiations would begin if the bill is not honoured.

 

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