BRITAIN could be forced to keep paying billions into EU coffers for more than a decade after Brexit, says Germany’s finance minister. In a chilling warning to Theresa May as she prepares for leaving the EU, Wolfgang Schäuble set out a hardline approach to negotiations.
EU proposals revealed this week suggest a €40 to €60billion divorce settlement could be on the cards.
And Schäuble said: “Until the UK’s exit is complete, Britain will certainly have to fulfil its commitments.
“Possibly there will be some commitments that last beyond the exit…even, in part, to 2030…Also, we cannot grant any generous rebates.”
Schäuble also warned that the UK would be bound by tax rules after Brexit which would hold it back from granting incentives to investors.
He said the UK must prepare for financial firms to flee to Europe and insisted there would be no special deal on migration if Britain wished to remain in the common market.
Schäuble said: “There is no à la carte menu. There is only the whole menu or none.
“Without membership of the internal market, without acceptance of the four basic freedoms of the internal market, there can of course be no passporting, no free access for financial products or for financial actors.”
Meanwhile, legal arguments that would allow MSPs at Holyrood to block Brexit will be heard in the Supreme Court next month.
The Scottish Government are to be allowed to intervene in the legal battle over how Brexit should be triggered.
May’s Government were left reeling by a High Court ruling that MPs must vote on triggering Article 50 to leave the EU, which the PM has promised will happen by the end of March.
Westminster are appealing against the High Court ruling and Ministers are also said to be preparing a back-up plan for a short Bill that they could force through Parliament to give the PM sole power over the process.
But now arguments that Holyrood must approve the Brexit process will be heard in the appeal next month. Lord Advocate James Wolffe will address the court on the relevance of points of Scots law.