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May says ‘place adjustments’ on divorce cost if no Brexit deal

LONDON (Reuters) – If Britain doesn’t attain an exit cope with the European Union, the “position changes” on its settlement to pay a monetary settlement to the bloc, Prime Minister Theresa May mentioned on Wednesday.

As a part of a Brexit transition deal, Britain has agreed to pay the EU between 35 and 39 billion euros (31.2 – 34.eight billion kilos) over the approaching a long time.

“We are a country which honours our obligations, we believe in the rule of law and therefore we believe in abiding by our legal obligations,” she instructed parliament.

“However … the specific offer was made in the spirit of our desire to reach a deal with the European Union and on the basis, as the EU themselves have said, that nothing is agreed until everything is agreed, without a deal the position changes.”

Reporting by Elizabeth Piper and Kylie MacLellan. Editing by Andrew MacAskill

Our Standards:The Thomson Reuters Trust Principles.

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