Brexit Secretary David Davis has alluded that Britain will hold off paying out the colossal £40bn divorce bill if the European Union fails to deliver a trade deal beneficial for the UK.
Although this may seem inconceivably outrageous to the EU, the vast majority of the British public (71%) is against a £40bn bill.
European Commission Chief Negotiator, Mr Barnier, has made it abundantly clear that Britain leaving the customs union and single market would mean “barriers to trade in goods and services are unavoidable”
It must be equally recognised that the UK’s departure alone leaves the EU with significant gaps in their budget. They invite immense financial difficulty should they fail to secure a payout.
The likelihood of them getting £40bn from the U.K. realistically is not worth the level of uproar and dissent that will come from the British public.
In Europe, the U.K. economy is second in strength only to Germany with some prognosticating the U.K. overtaking them by 2030. Many are waking up to the fact that the U.K. is arguably in a stronger negotiating position than we are made to think.
Taxpayers simply will not agree to foot this excessive bill when there are domestic issues such as defence, healthcare and policing that are considered priority by the public.