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Exiting the European Union

Part of the debate – in the House of Commons at 12:32 pm on 28th June 2018.

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Photo of Stephen Timms Stephen Timms Labour, East Ham 12:32 pm, 28th June 2018

May I ask my right hon. Friend about the section of the report dealing with the financial settlement, from paragraph 58 onwards? The House and the country have been given the impression that we are going to make a very large payment of up to €40 billion to the European Union on condition that we secure a favourable agreement about our future trading relationship. How likely is it that next March we will find ourselves obligated under the terms of the withdrawal agreement, which will be legally binding, to make the payment, yet at that point have no legal certainty at all about our future trading relationship?