Brexit: Costs

Lord Wigley Excerpts
Wednesday 29th November 2017

(6 years, 5 months ago)

Lords Chamber
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Lord Bates Portrait Lord Bates
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We have honoured those obligations and they are part of negotiating a settlement. The Prime Minister set out in her Florence speech that we will continue to honour that, that no country will have to pay in more and no country will get out less. I think that has been well received by our European partners and we look forward now to moving on to negotiating the more important area for us of continued trade with the frictionless access that we want to a very large and important single market.

Lord Wigley Portrait Lord Wigley (PC)
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My Lords, further to the point made by the noble Lord, Lord Lamont, will the Minister confirm that, if there is indeed a transition period beyond 2020, we may well need to make further payments for that period?

Lord Bates Portrait Lord Bates
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We will find that out when we find out the outcome of the negotiations.