Ray Bassett: We’ll soon be picking up the real bill for Brexit

Ray Bassett: We’ll soon be picking up the real bill for Brexit

Brexit is quite likely to result in Ireland paying far more money into the EU budget, so we must keep all our options open with Britain

As the second phase of the Brexit negotiations are now set to commence, the EU must make preparations for life without Britain. In particular, this will heavily involve the budgetary implications that the British withdrawal will entail. There are serious consequences for a number of countries, none more than Ireland.

The present Multiannual Financial Framework (MFF) will come to an end in 2020, the same year that Britain stops contributing. Budget Commissioner Günther Oettinger and...

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