Home / Knowledge / News / Textiles / Clash over monetary payment by UK at Brexit talks
Clash over monetary payment by UK at Brexit talks
Oct '17
Clash over monetary payment by UK at Brexit talks
The European Union (EU) and the United Kingdom (UK) are clashing over Brexit talks as is evident from media reports from both sides. After British finance minister Philip Hammond termed Brussels as the ‘enemy’, European Commission president Jean-Claude Juncker said any gratitude for British military defence of Europe did not exempt it from paying its dues.

EU chief negotiator Michel Barnier said the recent week-long tough talks between both sides had reached a ‘deadlock’. On the other hand, senior British ministers are losing faith in the EU’s willingness to strike a deal and the British Government fears the talks will break down unless the EU gives ground at a key summit starting in Brussels on October 19, according to a report in a top British daily.

Hammond later said he regretted his choice of words and denied that the talks were deadlocked. The UK is set to cut its membership with the EU in March 2019.

Various reasons have stalled the talks, but the biggest reason reportedly is an inadequate financial offer from the UK, particularly over the so-called ‘divorce bill’. Addressing students at Luxembourg University recently, Juncker pointed toward the British Government’s failure to commit to honouring its financial obligations to the bloc on leaving it.

British Prime Minister Theresa May and Juncker said after dining together in Brussels recently that the stalled talks ‘should accelerate over the months to come’.

According to one interpretation of Article 50 of the Treaty on European Union (TEU), the UK would not be required to pay anything in the absence of a withdrawal agreement, because the treaty says nothing about any such payments. But no deal on money would imply ‘no deal’ on other issues, such as rights of EU citizens. Moreover, quitting without an agreement would inflict significant reputational damage to the UK.

The British House of Lords acknowledges ‘competing interpretations’ on what the UK should pay, but concludes there would be no enforceable obligation to make the UK pay any financial contribution, as the TEU does not say anything on monetary payments. (DS)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

NCC applauds House passage of farm legislation

Textiles | On 22nd Jun 2018

NCC applauds House passage of farm legislation

The National Cotton Council (NCC) of the US has welcomed the passage...

Courtesy: Roman Pohorecki from Pexels

Apparel/Garments | On 22nd Jun 2018

UK launches inquiry on sustainability of fashion industry

The Environmental Audit Committee of the UK Parliament has launched...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Amiben Shroff

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search