Britain will have to pay into the EU budget up until 2020 if it wants Europe to grant the UK reasonable terms on a Brexit transition deal, senior sources in Whitehall have told The Telegraph.
The idea, which is being actively discussed by British Brexit negotiators, would require a softening of British negotiation red lines in order to buy leverage and political goodwill in talks with the EU over a future trade deal.
Britain’s departure from the EU will leave a €10bn black hole in Europe’s finances which is causing significant anxiety in chancelleries across Europe, including in Berlin, which fears it will have to pick up the bill for any shortfall.
Err, no, we wouldn’t have to. We might agree to in return for something we think worth more than £10 billion of course….
And they’re not even thinking it through. £10 billion is the net figure. So, if we’re still paying in up to 2020 then they must still be paying out to us until then….