(5 years, 12 months ago)
Lords ChamberThe British people voted to leave. They now have a deal that achieves that for them—a deal that many in your Lordships’ House said could not happen. A deal is on the table and it is a good one. Let us hope that the House of Commons sees that and votes for it.
My Lords, is there a difference between the £39 billion that was promised and our legal obligations on exit? Is there a difference between what we owe and what we have promised?
The financial settlement represents a fair settlement of our obligations as a departing member. As I said, it will between about £35 billion and £39 billion, which is significantly less than many people anticipated. It has been agreed in the spirit of our future relationship.