€20 billion does not absolve Leave campaign of their promises

Commenting on analysis in the Financial Times which suggests that Britain is facing a ‘divorce bill’ from the EU for as much as €20bn, Pat McFadden MP, of the Open Britain campaign, said:

“Saving money on EU contributions was a big part of the Leave campaign’s case. And of course they promised repeatedly to use those savings to spend an extra £350m a week on the NHS.

“The news that leaving the EU may cost €20 billion in historic liabilities does not absolve them of their campaign promises. They must deliver the money they promised for the NHS, regeneration, agriculture and everything else.

“Brexit was supposed to be all gain financially but as the potential price of it becomes clear, people will not and should not forget the promises made during the referendum campaign.”


The FT analysis is based on Britain’s share of continuing multiyear liabilities, including unpaid budget appropriations, pensions liabilities, and future contractual and other spending commitments: https://www.ft.com/content/3c1eb988-9081-11e6-a72e-b428cb934b78