GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
No Result
View All Result
Home International

UK Faces Hefty Brexit Bill

February 21, 2017
in International
Share on FacebookShare on Twitter

European Commission President Jean-Claude Juncker has warned the UK it faces a “very hefty” bill for Brexit.

You Might Also Like

Prime Minister Boris Johnson Moved to Intensive Care Unit after His Coronavirus Condition Worsens

Ghanaian Politician Emmanuel Owuraku Amofah’s Son Desmond “Etika” Amofah Found Dead in the East River of New York

Protests Held As Fire Anger Increases

He promised two years of “tough negotiation”, when discussions on leaving terms get under way between the government and the European Union.

Exit will not come “at a discount or at zero cost”, he said in a speech to the Belgian Federal Parliament.

Reports suggest the UK could have to pay the EU up to 60 billion euros (£51bn) after Brexit talks start.

Mr Juncker’s comments came as the House of Lords held a second day of discussion of the government’s European Union (Notification of Withdrawal) Bill, which, if passed into law, will allow Prime Minister Theresa May to trigger Article 50 of the Lisbon Treaty, allowing formal talks with the EU to start.

She is hoping to do this before the end of March, with EU negotiations expected to take up to two years.

Discussions are taking place in Brussels on the size of the bill to be presented to Mrs May when she launches the talks. The amount will cover the UK’s share of the cost of projects and programmes it signed up to as a member, as well as pensions for EU officials.

In his speech, Mr Juncker, a former prime minister of Luxembourg, said: “It will be a tough negotiation which will take two years to agree on the exit terms. And to agree on the future architecture of relations between the United Kingdom and the European Union we will need years.

“The British people have to know, they know already, that it will not be at a discount or at zero cost. The British must respect commitments they were involved in making. So the bill will be, to put it a bit crudely, very hefty.”

How Brexit will work

Unpicking 43 years of treaties and agreements covering thousands of different subjects was never going to be a straightforward task.

It is further complicated by the fact that it has never been done before and negotiators will, to some extent, be making it up as they go along.

The post-Brexit trade deal is likely to be the most complex part of the negotiation because it needs the unanimous approval of more than 30 national and regional parliaments across Europe, some of whom may want to hold referendums.

He added: “We need to settle our affairs not with our hearts full of a feeling of hostility, but with the knowledge that the continent owes a lot to the UK. Without Churchill, we would not be here – we mustn’t forget that, but we mustn’t be naive.

“Our British friends will need to understand that we want to continue to develop European integration.”

Mrs May has already said the UK will leave the European single market, but has promised to push for the “freest possible trade” with European countries.

In a speech in January outlining her priorities for Brexit, she warned the EU that to “punish” the UK for leaving would be “an act of calamitous self-harm”.

Earlier this month, the House of Commons overwhelmingly backed the EU Bill and the government has said the Lords must not “frustrate” its passage into law.

Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.

Tags: Article 50 of the Treaty on European UnionBelgian Federal ParliamentbrexitBrusselsChivalryChurchilleuropeEuropean CommissionEuropean UnionHouse of CommonsHouse of LordsJean-Claude JunckerLisbonLuxembourgpresidentPrime MinisterTheresa MayUnited KingdomUnited Kingdom European Union membership referendumUnited Kingdom invocation of Article 50Withdrawal from the European Union

Related News

Prime Minister Boris Johnson Moved to Intensive Care Unit after His Coronavirus Condition Worsens

by
April 6, 2020
0

Boris Johnson has been moved to intensive care after his condition worsened, Downing Street has said. The prime minister was...

Ghanaian Politician Emmanuel Owuraku Amofah’s Son Desmond “Etika” Amofah Found Dead in the East River of New York

by
June 25, 2019
0

Daniel Desmond Amofah, a.k.a. Etika, a popular gaming vlogger with more than 800,000 YouTube followers and son of the Ghanaian...

Protests Held As Fire Anger Increases

by
June 16, 2017
0

Protests were held in London as residents demanded support for those affected by the Grenfell Tower fire. Between 50 and...

US Destroyer Collides With Merchant Vessel Near Japan

by
June 16, 2017
0

The US Navy has requested help from the Japanese coastguard. A US Navy destroyer has collided with a merchant vessel...

Next Post

Israel Invited 26 Oscar Stars To Visit. So Far None Has

Convicted Ex-Hong Kong Leader Jailed 20 Months For Misconduct

Categories

  • Africa & World
  • African Music Lyrics Directory
  • Business
  • Business Directory
  • celebrities
  • Computing
  • Diaspora
  • Entertainment
  • Events
  • Feature
  • Featured
  • Ghana Elections 2016
  • Headlines
  • Health
  • International
  • Internet
  • Jobs
  • lifestyle
  • Music
  • News
  • Offbeat
  • Opinion
  • Politics
  • Profiles
  • Religion
  • Security
  • Seth Terkper
  • Smart Home
  • Social Networks
  • Sports
  • Technology
  • Top Stories
  • World News

Tags

accra addo africa Association football Banks - NEC business Business_Finance chairman Donald Trump economy education Entertainment_Culture environment Geography of Africa ghana Ghanaian people government Government of Ghana Human Interest John Dramani Mahama john mahama Law_Crime mahama minister MPs elected in the Ghanaian parliamentary election Nana Addo Nana Addo Dankwa Nana Akufo-Addo National Democratic Congress National Democratic Congress (NDC) New Patriotic Party New Patriotic Party (NPP) nigeria politics Politics of Ghana president Social Issues Social Media Social Media & Networking sports United Kingdom United Nations United States Vice President War_Conflict

Recent Posts

  • Government of Ghana Unveils Official Portraits of President John Dramani Mahama and Vice President Prof. Naana Jane Opoku-Agyemang
  • Who Is the Woman (Sheena Gakpe) in Sarkodie’s Latest Hit “No Sir” and Why Everyone Is Talking about It
List of Ghana Holidays for 2020
Ghana Geocoding
Ghana Cedis Exchange API
Ghana Maps Service
Toyota Cars Auto Auction History
  • African Music Lyrics Directory
  • Business Directory
  • Diaspora
  • Top Stories

All rights reserved © 2021 GhanaStar.com

No Result
View All Result
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music

All rights reserved © 2021 GhanaStar.com