S&P released a statement that will worry the EU
The demands for Britain to pay an outrageous settlement upon leaving the Brussels bloc are driven by panic as eurocrats worry finances will “come under pressure”.
Standard & Poor’s, a credit rating agency, said: “The European Union ratings could come under pressure in an adverse scenario.
Our ratings on the EU are to a certain extent predicated on our expectation that the UK would honour its share of financial obligations
S&P credit ratings agency
“This is because our ratings on the EU are to a certain extent predicated on our expectation that the UK would honour its share of financial obligations to the EU.”
However, while the Government has said it will meet its obligations it has warned Britain will pay “nothing like” the amount demanded by the EU.
In pictures: Theresa May meets with EU's Tusk Thu, April 6, 2017
The two leaders held talks on Brexit negotiations
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European Council President Donald Tusk gestures to members of the media as he leaves 10 Downing street after talks with British Prime Minister Theresa May in central London
All 27 European states need to agree on the final Brexit deal before the UK leaves the bloc.
Jacob Rees-Mogg said: “It is a further reminder that the UK’s negotiating position is a strong one.
“And it’s probably going to be the case that the offer of a small amount of money could help to the smooth the way.”
The European Parliament's chief Brexit negotiator previously claimed that the UK will agree a divorce bill, but insisted the status of EU nationals in the UK and British citizens across Europe is of upmost importance.
John Redwood, a Tory MP, said: “We do not owe them anything, I assume we won’t be paying one.
“I don’t think it is a negotiation. There is no legal obligation or legal basis to allow the UK ministers to pay them any money.”
Rees-Mogg has repeatedly stated that the divorce bill will not be as reported
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A Commons Brexit committee report, which outlined the Government’s Brexit objectives, has warned Theresa May about leaving the EU without a deal, after the Prime Minister claimed that “no deal was better than a bad deal”.
The report was criticised by a number of pro-Brexit Tory MPs, who walked out of a committee meeting last week in protest at the report which was prepared by chairman Hilary Benn.
Redwood claimed the UK does not owe the EU anything
A Government source, talking to the Telegraph, said: “This is being presented in a binary way as a divorce bill, in which we owe them. It's not like that.
“It is more like leaving a gym or a club. You don't continue to pay for other people to use the facilities after you leave.”