‘£1 billion extra a month’: Reported cost of Brexit delay if May’s deal fails
The EU is set to demand an extra £13.5 billion ($17.7 billion) a year – £1 billion ($1.3 billion) a month – from the UK if Prime Minister Theresa May’s deal is rejected by MPs in parliament on Tuesday, and a Brexit delay ensues.
Brussels is willing to impose “punitive” conditions on any request from the UK government to extend Article 50, including demands for extra payments on top of the £39 billion ($51 billion) ‘divorce payment,’ the Telegraph reports.
An EU source has told the paper that if the UK requests a delay any longer than a few weeks, then such a demand will trigger “legal and financial” obligations, as officials in Brussels harden their stance against an extension.
EU said to be demanding £1 Billion a month on top of the £390 million a week and £39 Billion divorce bill if we extend. What kind of moronic government would agree to any of this. Use this money to invest in our nations future.
— Nathan Gill (@NathanGillMEP) March 11, 2019
The EU is set to charge the UK £1bn a month for any Brexit delay. Voters will be furious. MPs should think hard before voting for any delay. https://t.co/SBfiaoITSE
— Roger Helmer (@RogerHelmerMEP) March 11, 2019
You effing what, the #EU want a £1billion for every month we extend #Article50 surely they can't allow this, oh yes they will FFS #BrexitBetrayal
— Lescromps (@Lescromps) March 11, 2019
The prospect of a second heavy defeat on her EU Withdrawal Agreement is becoming an ever bigger possibility for May, as Brussels stands firm on its red lines around the contentious Irish backstop.
It comes as Labour leader Jeremy Corbyn tabled an urgent question in parliament on Monday, requesting May to update the House on progress being made in achieving legal changes to her Brexit deal.
#Breaking: Tánaiste Simon Coveney confirms that Theresa May will fly to Strasbourg this evening “to try to finalise an agreement, if that’s possible”. But warns obstacles remain. #Brexitpic.twitter.com/pQ8JLkByHL
— Kevin Doyle (@KevDoyle_Indo) March 11, 2019
Earlier, Irish deputy prime minister Simon Coveney claimed that May was scheduled to fly to Strasbourg on Monday evening, in a bid to finalize an agreement with the EU. Downing Street has thus far failed to confirm this, saying only: “We have not confirmed anything at this stage.”
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