The UK will not be legally obliged to contribute towards the European Union’s budget if no exit deal is reached, according to a report by Parliament, which will likely raise tensions with Brussels during the Brexit talks.
Britain could exit the European Union in 2019 without paying a €60 billion (£52 billion) Brexit bill requsted by the European commission, says a report published on Saturday by the Lords’ European Union committee.
The Lord’ committee acknowledged, however, that generous payments might be “impossible” to avoid, for example to ensure future access to the EU single market.
“We conclude that if agreement is not reached, all EU law — including provisions concerning ongoing financial contributions . . . will cease to apply and the UK would be subject to no enforceable obligation to make any financial contribution at all.,” the report said.
Britain currently provides about 12 percent of the EU’s budget, meaning…