Conservative politician Syed Kamall claimed that the EU could end up paying Britain money as the UK cuts ties with Brussels.
Theresa May is expected to trigger Article 50 on March 29, and Mr Kamall suggested that the UK will not have to pay the huge sum that has been reported, claiming the EU will pay Britan.
Speaking to talkRADIO, he said: “It’s all tough talk, plucking numbers out of the air. When you join a club, you pay a membership fee.
“If you leave the club, you cease to pay the fee. What you will have to do of course is settle the bar bill.
Syed Kamall argued that the EU could end up paying the UK after Brexit
“What’s really interesting is both lawyers for Britain and the House of Lords committee have said we have no liabilities and owe nothing legally once we have left.
“What’s very interesting is we have an investment in the European Investment Bank, and actually they could owe us money.
“That will be part of all of the negotiations. It’s all part of the stand off before the negotiations.”
The Tory MEP claimed that Britain has been quite clear in its approach to Brexit so far.
He added: “There was genuine shock that the UK or a country voted to Leave. That is one of the reasons why David Cameron didn’t get everything he asked for, or get more in those negotiations.
We have an investment in the European Investment Bank, they could owe us money
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“Now that’s happened, there has to be a period of reflection, but one of the things that I think we have to be quite clear about in the negotiations is that Britain does not wish to see the EU break up.
“We voted to Leave and we want to negotiate with the EU in good faith and that will help a positive negotiation.”
Speaking to the BBC, Jean-Claude Juncker described the UK’s pending exit from the EU as “a failure and a tragedy”.
The European Commission President said: “It will be a bill reflecting former commitments by the British Government and by the British Parliament.
“There will be no sanctions, no punishment, nothing of that kind.”
Brexit: Results of how the UK voted Mon, March 20, 2017
Much of the North East of the United Kingdom voted to leave the European Union including Sunderland, Gateshead, Darlington, Durham, Hartlepool, Middlesbrough, Stockton, Redcar and Cleveland, North Tyneside and South Tyneside, and Northumberland
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GREAT YARMOUTH: The town of Great Yarmouth on the East Coast of England voted by 72% to leave the European Union.
Mr Kamall finished by claiming that there was unrest across EU members as countries relied on Britain in previous discussions.
He said: “One interesting thing that has been said to me by MEP’s in other countries, for example, the Spanish came up to me and one said, ‘look we regret very much that you are leaving, our problem is now we relied on you as a counter-balance to the French and the Germans.’
“The eastern European countries came to me and said, ‘the real problem is we worry about a German dominated Europe.’
“It has been seen as a counter-balance for some of those other countries, especially France and Germany. Many countries that hid behind us in negotiations in previous years are now worried about what they are going to do when France and Germany get together.”