The UK must be really desperate to exit the EU as it spares no expense. The Brexit has not been initiated yet but the UK is paying a high price for it already. The economic growth has slowed down, the inflation rate jumped, and the biggest global banks abandon the British capital, relocating their headquarters.
Furthermore, the United Kingdom may be obliged to pay a huge exit fee. The UK’s decision to leave the European Union may cost as much as 100 billion euros as estimated by the EU officials. Naturally, most British policymakers quite disagree with these requirements. Commenting on the amount of the settlement payment, the policymakers don’t mince their words and forget about their good manners. British Foreign Secretary Boris Johnson called this penalty fee a robbery. However, such comments are fairly typical of Mr Johnson who is known for his audacious statements. Philip Hollobone, the MP at the House of Commons who supports the Eurosceptics, even bet on whether the response by the Foreign Secretary to the EU officials would be rough.
By the way, entering the European Union was also costly for the United Kingdom. Last century, in 1973 to be precise, the UK paid 270 billion dollars on the indexation-adjusted basis for the membership in the union.
