Boris Johnson Says UK Won’t Pay More Than What They Think Legal

August 25, 2017 Share Print 0

Britain will pay “not a penny more, not a penny less” than what the government thinks its legal obligations are to the European Union as the country leaves the bloc, foreign minister Boris Johnson said on Friday.

Talking to BBC Radio Four, Johnson said his comment that the EU could “go whistle” on its demands for payment was in response to being asked whether Britain would pay “100 billion euros or pounds”, and not a suggestion that the government would not pay.

A financial settlement is set to be one of the most difficult issues to resolve in negotiations to unravel more than 40 years of union, and the EU has said it is one of three areas the two sides must make progress on before starting talks on a future relationship, including trading arrangements.

“Some of the sums that I’ve seen seem to be very high. Of course, we will meet our obligations,” Johnson said. “We should pay not a penny more, not a penny less of what we think our legal obligations amount to.”

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.