‘We’re a laughing stock!’ Fuming MEP rips into Brussels for denying UK share of EU assets

16 May

Britain has also made considerable contributions to the European Investment Bank, which lends money to EU states, and which has an astonishing £56 billion in capital. 

UK officials believe that Britain, which contributes 12 per cent of the bloc’s budget, is entitled to £23.2 billion of these assets, which would be automatically knocked off the £t0bn exit fee. 

However, a senior official on Michel Barnier’s negotiating team insisted: “Member states do not have any right to those assets, there’s no shareholding in the EU. 

“All of the EU’s assets belong to the EU and that includes buildings and other assets both tangible and intangible, financial and non financial, drinkable and non drinkable.” 

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