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Britain faces 'very hefty' Brexit bill, years of talks, Juncker says

Tuesday, February 21, 2017 - 01:11

EU chief executive Juncker says Brexit negotiations will take years and come at costs. Rough Cut (no reporter narration)

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ROUGH CUT (NO REPORTER NARRATION) Britain will need years to negotiate a future trade deal with the European Union after it quits the bloc and will be landed with a "very hefty bill" from Brussels on leaving, EU chief executive Jean-Claude Juncker said on Tuesday (February 21). "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," Juncker said in a speech to the Belgian federal parliament, referring to payments the EU will seek from London to cover future EU spending to which Britain has committed as an EU member. The British parliament's upper house, the House of Lords, on Monday (February 20) began debating legislation which would give Prime Minister Theresa May the power to trigger Britain's exit from the European Union.

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Britain faces 'very hefty' Brexit bill, years of talks, Juncker says

Tuesday, February 21, 2017 - 01:11