Lib Dem peer: “U.K. has strong legal position on EU Budget” – Barnier is bluffing from a position of weakness

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“The UK appears to have a strong legal position in respect of the EU budget post-Brexit and this provides important context to the article 50 negotiations,”

“Even though we consider that the UK will not be legally obliged to pay into the EU budget after Brexit, the issue will be a prominent factor in withdrawal negotiations. The government will have to set the financial and political costs of making such payments against potential gains from other elements of the negotiations.” – Lady Falkner of Margravine, Liberal Democrat peer, chair of House of Lords EU financial affairs sub-committee