LONDON (Reuters) – Britain may select to withhold some funds to the European Union if a deal to ease its exit from the bloc just isn’t reached earlier than it leaves in March, Brexit minister Dominic Raab informed legislators on Wednesday.
As a part of a Brexit transition deal, Britain has agreed to pay the EU between 35 and 39 billion euros ($41-$46 billion) over the approaching many years.
But Raab informed members of Britain’s higher home of parliament that not all of this was a authorized obligation, and fee could possibly be delayed with out a deal.
“I don’t think it could be safely assumed on anyone’s side that the financial settlement that has been agreed as part of the withdrawal bill would then just be paid, in precisely the same shape or speed or rate, if there was no deal,” he mentioned.
Reporting by Kylie MacLellan and David Milliken; enhancing by Stephen Addison