The Tory MEP for the East of England said it would be possible for the UK to to walk away from a Brexit deal and the Brussels bloc should “not try to do us down”.
MEPs from across the 28-state EU approved a resolution in Strasbourg on Wednesday setting out the parliament's red line in the coming negotiations, by a margin of 560-133.
David Campbell Bannerman spoke out against negative EU rhetoric at the Brexit debate
It was extraordinary some of the language used and the resentment against the vote
David Campbell Bannerman
He said: “I’m afraid I thought it was rather delusional… it was extraordinary some of the language used and the resentment against the vote.
"The point is we can walk away from a deal, we’ve got WTO rules. We would actually pay about £5billion in tariffs but we could compensate industries and farmers on that.
“The EU would be paying £13bn in tariffs and that would come to the British government not to Brussels.
Brexit debate in pictures: Farage blasted by EU boss Wed, April 5, 2017
The debate in the European Parliament in Strasbourg will focus on key issues of the Brexit talks including reciprocal rights for EU citizens, the peace process in Northern Ireland and trade
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Nigel Farage gestures during speeches at the European Parliament in Strasbourg, eastern France
“Look we’re in a strong position and they should recognise that and not try to do us down and I think that was the central point from yesterday.”
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The European Parliament's draft resolution insists Britain must meet all its financial obligations to the bloc, which some estimates have put as high as £56bn.
It rejected any "cherry-picking" of privileged access to the single market for sectors of the UK economy such as financial services.