Economics
U.K.’s Fox Dismisses ‘Absurd’ Brexit Bill of $65 Billion
- Fox says U.K. won’t push up WTO tariffs in Brexit transition
- Says talks on U.K.-U.S. trade accord could begin in ‘weeks’
Liam Fox.
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
Trade Secretary Liam Fox rejected as “absurd” the suggestion that the U.K. should be charged for leaving the European Union, setting the stage for an early fight in the upcoming Brexit talks.
His comments came after former British envoy to the EU, Ivan Rogers, warned lawmakers of the “genuine” risk the U.K. will be handed over a divorce bill of as much as 60 billion euros ($65 billion) as talks drag on until the early to mid 2020s. Fox appeared to reject this possibility outright.