Government May Pay More to EU in Exchange for Favourable Trade Agreements

Following a Cabinet meeting to discuss the future of Brexit, it is thought that Ministers have agreed to increase the sum of money to be paid as part of the divorce settlement. No figure was raised in the meeting, but it any additional payments would be subject to the UK receiving a favourable trade agreement.

Theresa May, the Prime Minister, is expected to have wanted the additional funding so that talks on a future trade agreement can begin in December 2017. Peter Bone, the Conservative MP for Wellingborough, criticised the Government saying:

“There is no legal obligation whatsoever for us to pay any money. We are net contributors, over £200 billion over the years to the European Union superstate. If anyone should get any money from this divorce, it’s us. The idea we would pay £38 billion is absurd.”