The UK may continue to pay into the EU’s budget after the country’s exit from the EU. National newspaper reports have suggested that the UK could face a bill of as much as £60bn as part of its exit deal and would need to pay to secure market access for some companies after Brexit. According to an article in the Financial Times, the Prime Minister, Theresa May, has stated that Britain wanted to give quick “reassurances” to its citizens in Europe and EU citizens in Britain over their residency rights “early on” in the Government’s official Brexit talks. Furthermore, it has been reported that the German Chancellor, Angela Merkel, is thought to be averse to providing the UK a deal on expat rights ahead of a final agreement on its exit arrangements. In the meantime, the UK’s Supreme Court of Appeal is due to deliver its judgment on a Government appeal over holding a parliamentary vote in order to trigger its official exit talks through Article 50 early next year. Mrs May has stated she is confident the UK is still on track to invoke Article 50 by March 2017 as forecast.
Sign up for our newsletter and get the latest to your inbox.