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EU to seek €10bn from UK even if no-deal Brexit


The European Union is expected to seek more than €10bn in UK contributions for this year even in the event of a no-deal scenario on 12 April, RTÉ News understands. In exchange, UK beneficiaries of EU funding would continue to receive grants for the rest of the year. A senior EU source told RTÉ News: 'We hope to have it wrapped up this week.' The official said there had been 'informal' signals from the UK Treasury that Britain would be willing to consider paying the remainder of its budget obligations until the end of the year. This is in order that universities, local communities and any other beneficiaries would not be frozen out of EU structural, regional development and research funding immediately.

RTE.ie - April 1, 2019

View the full story here: https://www.rte.ie/news/brexit/2019/0401/1039964-eu-budget-uk/