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Home News

UK issues Brexit ‘blackmail’ warning

by The Informer
September 1, 2017
in News, World News
Reading Time: 1min read
UK issues Brexit ‘blackmail’ warning

Mr Fox spoke to the media at the end of a three-day visit to Japan

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The UK must not allow itself to be “blackmailed” by the EU over its Brexit settlement bill, International Trade Secretary Liam Fox has said.

Talks on the final settlement should begin as soon as possible “because that’s good for business”, Mr Fox said.

Businesses around the world have become impatient with the slow progress of the negotiations, Mr Fox added.

EU negotiator Michel Barnier said there had been little progress on key issues, and trade talks were “quite far” away.

Talks between the UK and EU have stalled over the failure to agree the UK’s so-called divorce bill.

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The UK wants to begin trade talks and discuss the future relationship between Britain and the EU as soon as possible, saying it would benefit both sides.

However, Brussels insists that discussions about the future relationship can begin only once “sufficient progress” on the “divorce fee”, citizens’ rights, and the border between Northern Ireland and the Irish republic.

Mr Barnier said that at the current rate of progress, he was quite far from being able to recommend opening parallel talks on a future trade relationship.

No figure has yet been put on the divorce payment, but European Commission president Jean-Claude Juncker has suggested it could come in at about 60bn euros (£55bn).

Unconfirmed reports have put it as high as 100bn euros (£92bn).

Britain, which voted to leave the EU in June 2016, officially began Brexit talks on 19 June this year and is due to leave the EU on Friday, 29 March 2019.

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