Britain Should Pay into EU Budget Until 2020

Britain should keep contributing to the European Union’s seven-year budget until the end of the budgetary period in 2020, even though it could leave the EU in 2019, Poland’s deputy foreign minister said.

Konrad Szymanski spoke a day after he met the European Commission’s main Brexit negotiator, Michel Barnier, and the head of the EU’s internal Brexit task force, Didier Seeuws. They are holding meetings with representatives of all 27 countries remaining in the EU to find out what their positions are.

“I think the EU will stand on the position that in the current financial framework Britain’s budget contributions should be upheld,” Szymanski told reporters on Thursday.


USD/CAD – Canadian Dollar Subdued as US Posts Mixed CPI Data

Yellen Testimony and Inflation Data Eyed

First Brexit, Now Trump, is Italy Next?

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

Latest posts by Craig Erlam (see all)