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Verbatim report of proceedings
Wednesday, 29 November 2017 - Brussels Revised edition

2018 budgetary procedure (debate)
MPphoto
 

  Nigel Farage, on behalf of the EFDD Group. – Madam President, let’s hear it for Commissioner Oettinger, the German commissioner in charge of the European Union budget.

You, sir, are having a very good day. Christmas has come early – you must be delighted. The British Government is going to shell out a cool EUR 50 billion as part of our exit proceedings, which, when you think about it, is really rather odd, is it not, because 23 June 2016 wasn’t just significant politically, it was significant for the European Union budget. We have been a net contributor to the EU budget every single year since 1973. For most of those years we have been the second biggest contributor and we pay in 16% of the total European Union budget. But, of course, we are leaving. So logic says that if, for example, a family has an annual income and that income declines, they then have cheaper holidays, they cut their cloth according to their circumstances. And yet, when we look at the 2018 budget or the Commission projections for the next few years, we see that absolutely no account is being taken of the British leaving the European Union. You have decided simply to carry on regardless. And it would appear that in a very weak moment the British Prime Minister has decided to bail you out for it.

Well, I would just say ‘Don’t bank on it’ because I think there is going to be a huge public reaction to this extraordinary sum of money. Honestly, I do! I think there is a real prospect of there being a big rebellion within the Conservative Party against their own leader. So don’t think this is absolutely guaranteed.

Certainly, the line that I have always taken is that no deal is better than a bad deal, and in this case it’s worse than a bad deal because we don’t even know if we are going to get a trade deal in return.

Even if there was a firm offer of tariff-free access to the EU single market, it would not be worth the EUR 50 billion payment. So celebrate for today, Commissioner, but I promise you, it is not in the bag.

(The speaker agreed to take a blue-card question under Rule 162(8))

 
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