David Davis (pictured) the UK Breixt minister said he did not consider Britain to pay 50 billion pounds ($62 billion) to the European Union as part of the Brexit settlement and added the era of vast funds being paid to Brussels was coming to an end.
“The era of huge sums being paid to the European Union is coming to an end, so once we’re out, that’s it.”
British media reports have suggested that Britain could have to pay around 50 to 60 billion pounds in order to honor existing budget commitments as it negotiates its departure from the bloc.
“We haven’t actually had any sort of submission to us from the Commission. But our view is very simple, we will meet our obligations, we are a law-abiding country,” Davis told broadcaster ITV on Thursday.
“We’ll meet our responsibilities but we’re not expecting anything like that,” – Davis said.
The EU’s chief Brexit negotiator Michel Barnier claimed the British government to hand over £49 billion ($61 billion) as part of its departure deal from the EU.
The figure was agreed after a meeting between Barnier and representatives from other EU member states the beginning of February 2017.
Germany and France allegedly wanted the ‘divorce bill’ to be over £59 billion but agreed on a compromise.
Previously David Davis said he had no assessment made of the UK leaving the EU without a deal.