Brexit: Britain sets aside £10bn for future payments to EU more than eight years after vote to leave
The IndependentSign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. “We are unnecessarily crippling our economy and paying billions for the privilege.” Former armed forces minister Sir Nick Harvey said that as well as continuing payments to the EU, Brexit is still having a significant impact on the economy. Dr Mike Galsworthy, chairman of European Movement UK, said: “The vast sums we are still paying for a terrible Brexit deal that even Kemi Badenoch has admitted isn’t working just shows what a complete disaster every aspect of leaving the EU has been for our country.” He said Brexit has been “the elephant in the room for far too long”, adding that it is “reckless to ignore the severe damage” it is doing to already stretched public finances. Stuart Coster, director of the pro-Brexit Democracy Movement, said the £10.6bn set aside for future payments to the EU was simply “the winding down of our EU membership costs and show the true scale of how much money the EU was costing Britain’s taxpayers and public services”. And, in a dig at the government’s repeated complaints about tight public finances, he said: “Rachel Reeves will be thanking Brexit that these EU costs will soon be ending.” But, after The Independent revealed the figure, Liberal Democrat MP Caroline Voaden said “imagine what the government could do with that money” instead.
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