Will The UK Pay £39 Billion to the EU? - Brexit Explained

The video discusses the UK's £39 billion financial obligation to the EU, often referred to as the 'divorce payment.' It explores the components of this settlement, its legal implications, and the potential consequences if the UK decides not to pay. The legality of withholding the payment is debated, with references to various legal opinions and reports. The video concludes with the uncertainty surrounding the issue and the potential impact on the UK's relationship with the EU.

What is the estimated range of the UK's financial settlement with the EU?

• £30 to £35 billion

• £39 to £45 billion

• £50 to £55 billion

• £60 to £65 billion

Which framework governs the EU's annual budget?

• Multiannual Financial Framework

• Annual Budgetary Framework

• European Financial Framework

• Fiscal Policy Framework

What is one of the components of the EU's budget?

• Member State contributions

• Private sector investments

• Charitable donations

• International loans

According to the House of Lords report, what happens if no agreement is reached?

• The UK must pay the full amount

• EU law ceases to apply to the UK

• The UK can negotiate a lower payment

• The EU can impose sanctions on the UK

What did Attorney General Geoffrey Cox warn about linking the payment to trade negotiations?

• It would be ignored

• It would be encouraged

• It would be illegal

• It would be beneficial

What could be a consequence of the UK not paying the financial settlement?

• Improved credit rating

• Sovereign debt default

• Increased EU membership

• Higher GDP growth

What did credit rating agencies say about the UK's non-payment?

• It would be considered a sovereign debt default

• It would improve the UK's credit rating

• It would not affect the UK's credit rating

• It would not constitute a sovereign debt default