No €40 billion deal after all, as Brexit negotiations remain in deadlock
— Elsevier Weekblad (@Else4Weekblad) 7 augustus 2017
Well, that didn’t last very long. Yesterday we reported that Prime Minister May’s government was willing to offer the EU €40 billion (£36 billion) for a solid EU trade-treaty and as an attempt to break a deadlock in negotiations, but as it turned out, the offer is a hoax. Yesterday, a Spokesman for PM May stated that Downing Street denied that May was prepared to meet Brussels halfway on how much Britain would continue to pay the EU after it leaves.
Last week, The Telegraph quoted a one ‘senior Whitehall source’ who stated that:
“We know (the EU’s) position is €60 billion, but the actual bottom line is €50 billion. Ours is closer to €30 billion but the actual landing zone is €40 billion, even if the public and politicians are not all there yet.”
But it wasn’t meant to be. Tory MP Peter Bone said on Monday evening that a payment of that magnitude was unlikely to get through parliament:
“One of the prime reasons the UK voted to leave the EU was to stop sending them billions of pounds per year, so it would be totally bizarre to give the EU any money, let alone £36 billion, given also that over the years that we have been in the EU or its predecessor we have given them, net, over £200bn.”
So the EU and UK still seem to be in a deadlock. Continue as is lads.