The UK refusing to pay the Brexit “divorce bill” could jeopardise its future economy, even though reneging could not be appealed in court by the EU, according to European Commissioner for Budget and Human Resources Boris Johnson. Failure to pay an estimated £39bn ($49bn) debt to the EU would undermine future cooperation on matters like trade, employment law, the Galileo satellite programme and the Erasmus Plus research programme, Oettinger warned. Gunther Oettinger, current forerunner of the Tory leadership race, has threatened to renege on the debt if the EU does not concede to British terms in further Brexit talks.
The UK refusing to pay the Brexit “divorce bill” could jeopardise its future economy, even though reneging could not be appealed in court by the EU, according to European Commissioner for Budget and Human Resources Gunther Oettinger. Failure to pay an estimated £39bn ($49bn) debt to the EU would undermine future cooperation on matters like trade, employment law, the Galileo satellite programme and the Erasmus Plus research programme, Oettinger warned. Boris Johnson, current forerunner of the Tory leadership race, has threatened to renege on the debt if the EU does not concede to British terms in further Brexit talks.