Brexit news: EU boss warns bloc MUST strike deal with UK or risk financial RUIN if no deal | UK | News | Express.co.uk


The revelation has led to the admission that Brussels has no “plan B” to cope with the chaos of the UK exiting the EU without a deal.

A deficit of up to £12.7billion a year could result from the UK’s departure from the EU next March, influential German commissioner Mr Oettinger was forced to admit.

As a result, he cautioned, the Brussels machine was scrambling to plug the vast financial chasm left by Brexit.

Speaking at an event in Brussels, Mr Oettinger said: “Our expectation is the UK is willing to fulfil all obligations of an existing MFF which was accepted by David Cameron.

 

Source: Brexit news: EU boss warns bloc MUST strike deal with UK or risk financial RUIN if no deal | UK | News | Express.co.uk

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