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Brussels faces huge payments to the UK

The settlement on divorce of the UK from the European Union is going to be huge.

As the second-biggest contributor for 40 years, the UK is entitled to at least 35% of the assets of the EU.

And, as providers of the seed start-up funds of the European Central Bank, they probably need to return to the UK Government in excess of 50% of that bank's assets.

Brussels will find this hard to achieve while undergoing the loss of UK income from the end of March 2019 and will leave the people and commercial enterprises of the nation states little money with which to continue to buy goods.

So, leaving the trading arrangements out of the debate until after they have decided how much they are going to pay the UK and on what terms is extreme folly.


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