UK Threatens To Quit Brexit Talks Over Excessive 'Divorce Payment' Demands

Zero Hedge

With negotiations between the UK and EU likely to formally begin on June 19, Bloomberg reports that Brexit Secretary David Davis has pre-emptively lashed out at EU officials, threatening that "The UK will quit talks on leaving the European Union unless the bloc drops its demands for a divorce payment as high as EUR100bn."

Britain’s negotiations would otherwise be plunged into “chaos,” and even a 1 billion-pound settlement would be “a lot of money,” Davis said in an interview published in the Sunday Times.

As Bloomberg notes, the size of Britain’s exit bill, and which types of negotiations can begin before it has been agreed, has been a source of debate for weeks.

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