The UK government has accepted that a price will have to be paid to the European Union as a result of its decision to leave the bloc, the payment will settle financial obligations.
The government’s admission came through a statement, released by Baroness Anelay, a Brexit minister, which stated: “On the financial settlement, as set out in the prime minister’s Article 50 letter, the government has been clear that we will work with the EU to determine a fair settlement of the UK’s rights and obligations as a departing member state, in accordance with the law and in the spirit of our continuing partnership.
“The government recognises that the UK has obligations to the EU, and the EU obligations to the UK, that will survive the UK’s withdrawal – and that these need to be resolved.”
It marked the first time the government had accepted that the “UK has obligations to the EU”, which include financial obligations that’ll have to be covered through a payment, due to be negotiated.
However there has been no indication as to how much the UK government is willing to pay, suggestions have ranged from nothing to £100 billion.
The question of the ‘Brexit bill’ will dominate negotiations once an agreement is reached on citizens’ rights.