London/Paris — France insisted the UK pay a Brexit bill of as much as €100bn, underlining the hurdles to substantial progress in negotiations on a new relationship with the European Union. As the second round of talks wraps up in Brussels, French Finance Minister Bruno le Maire used a hearing in the French parliament in Paris on Wednesday evening to take a hard line on what the EU believes the UK owes the bloc in terms of liabilities and obligations. To drive his point home, he evoked the spirit of former British prime minister Margaret Thatcher when she won a rebate on Britain’s payments to the central EU budget, complaining that the UK was losing out despite being one of the biggest contributors. "I will say what Margaret Thatcher used to say: ‘We want our money back,’" Le Maire said, citing the €100bn figure that has been on the high end of the amounts touted. "We can always debate the amount, but the fact that the UK must pay what it owes to the EU budget is a nonnegotiable prer...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.