By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    Ghana Scholarships Authority clarifies UK PhD beneficiaries’ oath, validation exercise
    August 10, 2026
    EOCO intensifies investigation into Asante Berko case following U.S. conviction
    August 10, 2026
    Only 59.3% of Ghanaian households have access to improved toilets – Local Government Ministry
    August 10, 2026
    IGNITE Social Enterprise appoints Bola Ray to Global Advisory Board as it expands into Sub-Saharan Africa
    August 10, 2026
    Lands and Mines Watch commends Lands Minister for upholding revocation of Adamus Resources mining leases
    August 10, 2026
  • Business
    BusinessShow More
    Lands and Mines Watch commends Lands Minister for upholding revocation of Adamus Resources mining leases
    August 10, 2026
    Lands Minister upholds revocation of three Adamus Resources’ mining leases after Inter-Ministerial review
    August 10, 2026
    Gideon Boako: IMF warns Ghana’s gold dependence leaves economy dangerously exposed
    August 5, 2026
    Genser Energy buys back Oppenheimer’s 40.4% stake as investor exits after five years
    August 5, 2026
    Gideon Boako cites IMF report, questions GoldBod over $1.7bn gold programme losses
    August 5, 2026
  • Politics
    PoliticsShow More
    Gov’t has no intention of clamping down on free speech – Kwakye Ofosu
    August 10, 2026
    Kokofu outlines reasons for seeking Ashanti NPP chairmanship ahead of 2028 elections
    August 10, 2026
    Armah-Kofi Buah announces 100 scholarships for NDC youth in Western Region
    August 10, 2026
    President Mahama reshuffles ministerial team, nominates Zanetor Agyemang-Rawlings and Mahama Ayariga
    August 7, 2026
    Sammy Gyamfi threatens legal action over ‘false’ GH¢200m GoldBod allegations
    August 5, 2026
  • Entertainment
    EntertainmentShow More
    MOLIY releases highly anticipated mixtape “BADDIES <3 MOLIY”
    July 31, 2026
    History made as 77: The Festac Conspiracy premieres to sold-out crowd in Zambia
    July 20, 2026
    X Lor opens new chapter as debut EP Tornado arrives on streaming platforms
    July 10, 2026
    Samsung Ghana powers culture and creativity at 2026 UG All Dance Carnival
    July 1, 2026
    Ghana Music Awards USA, WatsUp TV partner to amplify Ghanaian music on the global stage
    June 25, 2026
  • Sports
    SportsShow More
    Black Queens reach WAFCON quarter-finals after hard-fought draw with Mali
    August 7, 2026
    Black Queens suffer defeat as Cameroon book WAFCON quarter-final spot
    August 3, 2026
    Black Queens begin WAFCON campaign with convincing 2-0 win over Cape Verde
    July 30, 2026
    Black Stars
    Ghana at 2026 World Cup: Black Stars Show Promise but Miss Cutting Edge
    July 27, 2026
    Late Argentine comeback ends England’s dream, sets up World Cup final against Spain
    July 16, 2026
  • Technology
    TechnologyShow More
    IGNITE Social Enterprise appoints Bola Ray to Global Advisory Board as it expands into Sub-Saharan Africa
    August 10, 2026
    AngloGold Ashanti Iduapriem commissions $750,000 AI and Smart Systems Centre at UMaT
    July 29, 2026
    Sambus Geospatial MD calls on Ga Mantse ahead of ESRI Conference West Africa 2026
    July 28, 2026
    GIMPA Tech Fair held as Samsung brings ‘Awesome Experience’ to event
    July 1, 2026
    Siniat joins ITALKOL and PIXEL PAINTS portfolio as ITALKOL celebrates a decade of industry impact
    June 23, 2026
  • International
    InternationalShow More
    Korea commits US$38 million to strengthen Digital STEM education in Ghana
    July 8, 2026
    QNET joins EOCO, INTERPOL regional workshop to strengthen cross-border action against human trafficking and fraud
    July 8, 2026
    High Court dismisses Abu Trica’s emergency application to halt extradition to US
    July 6, 2026
    Ghanaian students abroad to convene global forum on national development
    July 5, 2026
    Alleged romance scam: Lawyers for Abu TRICA file emergency application to halt extradition to US
    July 3, 2026
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Brexit: UK and EU at odds over size of ‘divorce
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
International

Brexit: UK and EU at odds over size of ‘divorce

Starrfm.com.gh By Starrfm.com.gh Published May 3, 2017
Share
SHARE

The UK won’t pay a 100bn-euro (£84bn) “divorce bill” to leave the EU, Brexit Secretary David Davis has said, as the two sides clashed over the issue.

He told ITV’s Good Morning Britain the UK would pay what was legally due, in line with its rights and obligations, but “not just what the EU wants”.

EU chief negotiator Michel Barnier said there was no desire to punish the UK but “its accounts must be settled”.

While he wanted a “cordial” Brexit, he warned the “clock was ticking” now.

Publishing his Brexit mandate, Mr Barnier said the EU would “put all its efforts” into reaching a deal but said negotiations must start as soon as possible after “ten months of uncertainty” and suggested the outcome of June’s general election would not change anything.

While approaching the process in a “cool-headed and solution-oriented” manner, he said it was an illusion to think it would be concluded “quickly and painlessly” or that there would be “no material impact” on lives.

An EU source has told the BBC that officials in Brussels will not enter into a discussion about potential figures for a final bill, likely to be one of the hardest-fought and most sensitive areas of the Brexit process.

On Wednesday, the Financial Times claimed the likely bill, on the basis of its formula, had risen sharply from 60bn to 100bn euros.

Mr Davis said the negotiations had not started in earnest but he indicated the UK would set down a marker when it came to talks over the divorce settlement.

“We are not supplicants,” he said. “This is a negotiation. They lay down what they want and we lay down what we want.”

Various figures ranging from 50bn to 100bn euros had been knocking around, he said, but he had “not seen” any official numbers. Asked directly whether a figure of 100bn euros – was acceptable, he replied: “We will not be paying €100bn.”

He added: “We will do it properly. We will take our responsibilities seriously. What we’ve got to do is discuss in detail what the rights and obligations are.

“We have said we will meet our international obligations, but there will be our international obligations including assets and liabilities and there will be the ones that are correct in law, not just the ones the Commission want.”

He subsequently told the BBC that the 100bn euro figure should be viewed “with a pinch of salt” and the negotiations would not “end up there”, adding that it was up to the two sides to agree and he did not want the European Court of Justice to become involved.

Many Conservative MPs argue the UK does not owe the EU anything given the size of the contributions it has made over the past 40 years. A recent report by a House of Lords committee argued the UK was not legally obliged to pay a penny although to do this would threaten any chance of a post-Brexit trade deal.

If the UK was to walk away without a deal, Mr Davis conceded that it would not owe anything but he insisted “nobody was seeking that outcome”.

“We want a deal. We think we can get a deal that is beneficial to everybody” he told Radio 4’s Today.

The EU has insisted that the UK will have to accept liabilities stemming from its membership, including contributions to the EU Budget. The EU has already listed some sort of agreement on a payment from the UK as a precondition for opening talks on a trade deal.

Previous calculations had placed the financial settlement likely to be demanded by the EU at between 50 and 60bn euros (£42.2bn £50.67bn) The Financial Times, using the same economic model with new data from around Europe, suggests that has now gone up to 100bn euros.

 

 

You Might Also Like

Korea commits US$38 million to strengthen Digital STEM education in Ghana

QNET joins EOCO, INTERPOL regional workshop to strengthen cross-border action against human trafficking and fraud

High Court dismisses Abu Trica’s emergency application to halt extradition to US

Ghanaian students abroad to convene global forum on national development

Alleged romance scam: Lawyers for Abu TRICA file emergency application to halt extradition to US

TAGGED:BrexitEU
Share This Article
Facebook Twitter Email Print
Share
Previous Article Shatta, Tiwa Savage, Davido, others headline 2017 Ghana meets Naija
Next Article We’re sorry – Adonko Bitters manufacturers

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?