Europe wants Britain to pay billions into E.U. schemes up until 2023

The European Commission wants Britain to be paying into E.U. projects for four years after it has signed a Brexit deal, with final payments continuing up until the end of 2023, the Daily Telegraph has learned.
The plan is part of a European Union demand that Britain settles a 60bn ‘Brexit bill’ before being granted a deal that will govern future trade relations.
The suggestion that Britain should pay in installments up until 2023 was made at a meeting earlier this month between Michel Barnier, the European Commission’s chief Brexit negotiator, and senior officials from the 27 remaining E.U. member states.
‘The Commission wants the U.K. to pay in installments from the day of departure in 2019 up until 2023, which is when the financial demands of the E.U.’s seven-year budget cycle are at their highest,’ said an E.U. diplomatic source with knowledge of the meeting.
Theresa May promised that Britain would stop making ‘vast contributions’ to the annual E.U. budget after Brexit, but the E.U. will demand that Britain keeps making payments to honour commitments already made in the 2014-2020 budget round.

This post was published at The Telegraph