EU Budget: Contributions

Department for Exiting the European Union written question – answered on 23rd November 2017.

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Photo of Lord Elystan-Morgan Lord Elystan-Morgan Crossbench

To ask Her Majesty's Government, in respect of the compensation claimed by the EU on the UK’s leaving, what part of that claim represents (1) the apportionment of benefits accruing in future to the UK, (2) restitution for breach of contract, if any, and in respect of what breach, and (3) damages claimed punitively; and what discount has been offered as being due to the UK in respect of EU assets.

Photo of Lord Callanan Lord Callanan Minister of State (Department for Exiting the European Union)

We recognise that the UK has obligations towards the EU, and the EU has obligations to the UK. An agreement on any financial settlement can only come as part of the settlement of all the issues mentioned in the Prime Minister’s Florence Speech. We are making clear progress in building a common technical understanding on every item.

The treatment of the European Union’s assets will need to be agreed as part of the negotiations.

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