UK Threatens To Quit Brexit Talks Over EU Excessive Severance Cash Demands

It was never going to be easy, nobody who knows anything about the small minded bureaucrats who run the EU and their vindictive responses to any individual or organisation which obstructs what they, misguidedly, think is their irresistible march toward linking up with the USA and establishing a global technocratic government would have been aware that the Brussels bureaucracy’s response to Brexit would be to punish the arrogant British for their defiance.

With negotiations between the UK and EU likely to formally begin on June 19, Bloomberg reports that Brexit Secretary David Davis has pre-emptively lashed out at EU officials, threatening that “The UK will quit talks on leaving the European Union unless the bloc drops its demands for a divorce payment as high as EUR100bn.”

Britain’s negotiations would otherwise be plunged into “chaos,” and even a 1 billion-pound settlement would be “a lot of money,” Davis said in an interview published in the Sunday Times. Actually Davis and his colleagues on Britain’s negotiating team have audaciously suggested thast not only will Britain owe the EU nothing on leaving the organisation, but in fact the EU will owe Britain tens of €billions.

As Bloomberg notes, the size of Britain’s exit bill, and which types of negotiations can begin before it has been agreed, has been a source of debate for weeks.

European Commission President Jean-Claude Juncker has said the U.K. will have to pay about 50 billion pounds, while Luxembourg’s Prime Minister Xavier Bettel has signaled a figure between 40 billion euros and 60 billion euros.

The Financial Times estimated the cost could balloon to 100 billion euros, while a study by the Institute of Chartered Accountants in England and Wales put the cost at as low as 5 billion pounds ($6.5 billion).

Britain’s conservative government has said it will meet its commitments to the EU, but has questioned how Brussels officials reached their preliminary estimates… especially the oddly round number of 100-billion-euros…

“We don’t need to just look like we can walk away, we need to be able to walk away…Under the circumstances, if that was necessary, we would be in a position to do it.”

UK Prime Minister Theresa May commented on the Brexit bill in an interview with the Sunday Telegraph, by saying that “money paid in the past” by the U.K. into joint EU projects and the European Investment Bank ought to be taken account in the final sum.

“There is much debate about what the U.K.’s obligations might be or indeed what our rights might be,” she said.

“We make it clear that we would look at those both rights and obligations.”

A spokesperson for Barclays said the bank fears that two years may not be enough time to complete the comprehensive Brexit talks neded for a ‘soft’ exit. Which leaves three possible paths ahead…The soft, the hard and the ugly Brexit

While it remains unclear what kind of Brexit PM May is seeking, we believe that her insistence on regaining control of borders and withdrawing from the European Court of Justice is fundamentally inconsistent with the EU’s negotiating position, which is basically that no member state is allowed to completely quit the EU, and makes a hard Brexit, involving leaving the single market unavoidable. The ugly Brexit option is that Britain, unable to hold any rational discussions with the world domination freaks in Brussels simply walks away. That would harm the EU significantly more that the UK.

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