Britain’s so-called EU ‘divorce bill’ could be as much as €60bn [Image: Getty].

Of course, if talks ended in no deal, then the cost of trading with EU countries is likely to be much higher – not just on our exit from the EU, but in perpetuity.

So this is a gift horse whose dental condition perhaps deserves careful examination before we accept it.

Britain will not be legally obliged to contribute towards the European Union’s budget if no exit deal is reached, according to a new House of Lords analysis.

The report from the Lords also claims that calculations of the UK’s so-called “divorce bill” from the EU are “hugely speculative” and almost every element is subject to interpretation. Michel Barnier, the European Commission’s chief Brexit negotiator, has reportedly placed such a bill close to €60bn (£52bn).

According to the Lords, EU budget payments – likely to be a contentious issue throughout the Article 50 negotiating period – would not be enforceable and the UK would be in a “strong” legal position to not pay a penny if talks ended with no deal.

Source: Britain will not contribute £50bn to EU budget if no Brexit deal is reached, says Lords report

Join the Vox Political Facebook page.

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Vox Political needs your help!
If you want to support this site
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Buy Vox Political books so we can continue
fighting for the facts.

The Livingstone Presumption is now available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here: