Will The UK Pay £39 Billion to the EU? - Brexit Explained

The video discusses the UK's £39 billion financial obligation to the EU, often referred to as the 'divorce payment.' It explores the components of this settlement, its legal implications, and the potential consequences if the UK decides not to pay. The legality of withholding the payment is debated, with references to various legal opinions and reports. The video concludes with the uncertainty surrounding the issue and the potential impact on the UK's relationship with the EU.

What is the estimated amount that the UK is said to owe the EU?

What are the four areas that comprise the EU budget?

What is the significance of the Withdrawal Agreement in relation to the UK's financial obligations to the EU?

What does the House of Lords Paper from 2017 state regarding the UK's obligations if no agreement is reached?

What are the implications of the UK not paying its financial settlement according to the Attorney General?

How might the UK's credit rating be affected if it is classified as defaulting on its obligations?

What uncertainties surround the UK's decision to withhold the £39 billion from the EU?