Labour is to challenge the Treasury with an urgent question in the House of Commons over how the government will account for the Brexit financial settlement. UK and EU officials appear to have agreed on a formula for calculating Britain’s future liabilities to the EU after it leaves, which are expected to amount to more than £50bn over the coming decades and be presented by Theresa May in Brussels next week. The Speaker, John Bercow, granted the former shadow chancellor Chris Leslie the right to ask an urgent question of Philip Hammond on Wednesday about how he will fund the payments. Liz Truss, the chief secretary to the Treasury, will answer on behalf of the chancellor. In the budget last week, the Office for Budget Responsibility pencilled in net payments to the EU of £3.5bn a year until 2022-23, saying it did not have sufficient detail to make any other assumption. No final figure will be mentioned in the agreement, which will cover how the UK’s share of future pension liabilities, and EU-backed debts, for example, will be calculated. Boris Johnson, the foreign secretary, appeared to support the fresh concessions on the divorce bill, telling Sky News he hoped it… Read full this story
- Brexit LIVE: Now THAT's why we left! 'First mover' Britain to eclipse EU in new power race
- 'Can't even protect your own!' Labour shamed as MP to skip conference over security risk
- 'A Brexiteer's dream!' Farage welcomes Aukus deal as he ridicules outdated French military
- Labour MP Rosie Duffield to skip party's conference 'due to threats' amid calls for end to 'factionalism' and 'intolerance'
- Liberal Democrat conference: Sir Ed Davey challenges his party to 'tear down' Conservatives' 'blue wall' to help oust Boris Johnson
- Britain issues ultimatum as trade spat erupts - Urgent message sent
- Norway decides! Oslo furious at EU fishing power grab as 14k tonnes plundered
- National Insurance warning: Britons could be hit with 'higher prices' after tax hike
- Voting has begun in the most divisive E.U. Parliament election in a generation
- 'Disgrace!' Sturgeon 'missing in action' as Scotland plunged into new NHS crisis
Labour to challenge Treasury on Brexit divorce bill have 347 words, post on www.theguardian.com at November 29, 2017. This is cached page on VietMaz. If you want remove this page, please contact us.