Exiting the European Union

Debate between Lord Reid of Cardowan and Lord Tebbit

Monday 10th December 2018 Lords Chamber

[Lord Reid of Cardowan (Lab)]

My Lords—

[Lord Tebbit (Con)]

My Lords—

[Lord Reid of Cardowan]

I give way to the elderly gentleman.

[Lord Tebbit]

My Lords, my noble friend spoke of the possibility of not reaching an agreement with our friends in the European Union. In that event, does that also imply that we would not be paying them £39 billion ransom money?

[Baroness Evans of Bowes Park]

As I said, other leaders have indicated that they are open to further discussion on this issue and we remain committed to getting a deal. However, my noble friend is right that in the unlikely event that we leave the EU without a deal, the financial settlement as set out in the withdrawal agreement would no longer apply as there would be no withdrawal agreement.