Post-Brexit Financial Settlement

Lord Jones of Cheltenham Excerpts

Thursday 15th July 2021 Lords Chamber

[Lord Frost (Con)]

My Lords, I do not think that any of us on this side of the House feels particularly comfortable paying large sums to the European Union, but it is an agreed outcome in the withdrawal agreement and we stand by it. There are differences in the calculation methods between the EU arrangements and ours. For example, their figure does not include all the receipts we will receive in future, there are different ways of forecasting and so on. We are not surprised that there are some differences. What matters is our own calculations and that we are comfortable with the bills when they arrive, which we are.

[Lord Jones of Cheltenham (LD) [V]]

Does the Minister accept any responsibility for failing to negotiate this bill properly, or are he and the Prime Minister unfamiliar with how divorce works?

[Lord Frost (Con)]

This is one of the occasions when I can disclaim direct responsibility for that particular part of the negotiation in the previous withdrawal agreement. I have been known to be a little uncharitable at times about every aspect of the work that was done by my predecessors but, in this case, on the withdrawal agreement, they did a good job. Given the legal framework and commitments, it was always likely that the outcome would be in this broad area.