EU Commission responds “we are not going to get into a debate with British politicians”over UK being liable for £160 billion to the EU. It “has been accepted by both parties”

A couple of days ago the former Conservative leader Ian Duncan Smith claimed that the UK could be liable for £160billion debt over unpaid loans from the EU.

66451CB8-D2D5-4E76-92D9-134267430E44

Ian said: The EU “want our money, and they want to stop us being a competitor”, adding: “The Withdrawal Agreement we signed last year sadly helps them.”

After what Ian said, the EU Commission responded through their spokesperson saying: “I think it’s very clear that we are not going to get into a debate with British politicians on liabilities or any other of the provisions of the Withdrawal Agreement.

“The Withdrawal Agreement is there, it is now a firm document that has been accepted by both parties, and it is the basis on which both sides are acting.

Boris signed the withdrawal deal
Ian Duncan Smith isn’t happy that the U.K. is liable to £160 billion in debts to EU

“In this document, it is clear the United Kingdom has taken a number of completely normal legal commitments when it comes to its share of liabilities relating to loans that have been given by the European Investment Bank while the UK was still a member of the European Union.”

According to Ian Duncan Smith, the deal that Boris and Barnier signed currently leaves the UK paying £39 Billion, with Britain also liable for defaults on loans made through the European Investment Bank and European Financial Stability Mechanism.

Barnier has calling for the loans as a tool of leverage in this negotiation

2 thoughts on “EU Commission responds “we are not going to get into a debate with British politicians”over UK being liable for £160 billion to the EU. It “has been accepted by both parties”

  1. If this has been accepted by Boris Johnson, then there will be uproar and could be the first nail in his political coffin. It is accepted that this was part of that useless incompetent treasonous May’s deal with the EU corruption team, but Johnson should have seen it coming and ensured that it was not under any circumstance our liability. Where were the so-called experts, where were the lawyers that are supposed to be so highly skilled. If they were so highly skilled, then they would have sniffed out the wording that left us with a liability to the EU. We are supposed to be getting rid of the shackles of the corrupt political dictatorship, not keep paying into their accounts so that they can be skimmed by the likes of Merkel, von der Leyen, Macron and other senior figures. The alternative, was this yet another way of the corrupt and incompetent civil servants stitching the UK up like kippers? If this is found to be the case, then every single one of these corrupt and incompetent civil servants must be given instant dismissal and then lose everything so as to repay the public purse. Absolutely nothing surprises me with this shower, that is why they must be slashed to the bone, or better still, dismiss all of them and start again with people that are dedicated, honest and competent to replace them..

  2. It’s absolutely stupidity of the Government and so called(Experts) to have missed all this when examining these agreements with the EU. We’ve known for a great number of years now that they can’t be trusted. Whoever is responsible does want their employment terminated immediately and, as you say all the benefits that go with it removed. This debacle just seems to go on and on and on,I believe everyone now is getting fed up with it all and that is just what the EU wants.

📣 What’re your thoughts? Have your say.

This site uses Akismet to reduce spam. Learn how your comment data is processed.