BRUSSELS (Reuters) – Britain would develop its personal separate satellite tv for pc navigation system if it lost entry to the Galileo undertaking, the European Union’s model of GPS, Britain’s finance minister stated on Friday.
Britain instructed the European Union on Thursday it’s going to demand the compensation of as much as 1 billion kilos ($1.34 billion) if the bloc restricts its entry to Galileo.
“The plan has always been to work as a core member of the Galileo project, contributing financially and technically to the project. If that proves impossible then Britain will have to go it alone, possibly with other partners outside Europe and the U.S., to build a third competing system,” Philip Hammond instructed reporters earlier than a gathering of EU finance ministers in Brussels.
“For national security strategic reasons we need access to a system and we’ll ensure that we get it,” he added.
He stated Britain was conscious of the brief time obtainable for talks on its departure from the European Union and was engaged on “all sorts of options” to take care of the open border between Northern Ireland and Ireland after it leaves.
“We are very conscious of the ticking clock and the need to make significant progress for the June European Council”, Hammond stated, including remark from a senior EU official on “fantasy” Brexit gambits weren’t “particularly helpful”.
($1 = zero.7488 kilos)
Reporting by Francesco Guarascio, modifying by Philip Blenkinsop