British citizens were up in arms when the EU demanded that the UK government needed to pay up to £100 billion to leave the failing political union.
Thousands of Brexit voters reminded the government that the UK is under no legal obligation to a penny to leave the European Union as Tory MP, Jacob Rees-Mogg rightly pointed out.
The MP said: “We have no legal obligation under international, EU or UK law to pay anything if we leave without a deal.
“That’s accepted and that was in the House of Lords report from March of this year.”
“It is if there is a legal obligation or we get something in return. If we get nothing in return and there is no legal obligation, then there ought not to be any money and the Government will not have support across the country if it pays out vast sums of money for nothing.”
After the latest round of negotiations by the UK government and EU bullies, the Brexit bill stands at around £35 billion.
You may think this brilliant. It’s around £55 billion less than what the EU was initially demanding.
However, there’s something the government seems to be hiding, it is still going to cost the UK £100 billion (give or take a few billion). Here’s how.
In response to Priti Patel’s question in the House of Commons regarding the UK’s share of EU assets, David Davis replied: “This was a component of the negotiation which bought the public claim down from £100billion to £35billion, part of that was offset by our assets.”
From what I can tell, he’s implying that the UK will give the EU the assets it owns/has claimed to in return for the cash/net settlement of the Brexit bill being significantly lower.
In total it has been calculated that Britain, which contributes around 12 percent of the bloc’s total budget, could lay claim to £58billions of the EU’s total assets.
Tory MP Andrew Bridgen said: “If we are paying maintenance we need to have our share of the EU assets plus we need the money from the European Bank for Reconstruction and Development back.”
I’m no political expert, but it seems like the government is willing to give up tens of billions worth of assets invested in the EU in order to lower the net cash settlement.
What do you think of this?