The EU's chief Brexit negotiator Michel Bernier said on Wednesday that there is no figure for a financial settlement between Britain and the European Union, despite claims by MEP Nigel Farage. Rough cut (no reporter narration).
ROUGH CUT. NO REPORTER NARRATION. There is no figure for a financial settlement between Britain and the European Union yet, because it can only be established once both sides agree on a common methodology of calculations, the EU's chief Brexit negotiator Michel Barnier said on Wednesday (May 17). Addressing the European Parliament in Strasbourg, Barnier sought to refute claims made by British MEP Nigel Farage, the former United Kingdom Independence Party leader, that he has been stating figures. Earlier in the session, European Commission President Jean-Claude Juncker said he is confident a draft mandate will be adopted by the Council next Monday (May 22). "The process shows how united and prepared the European Union will be. It underlines how deep our commitment to transparency already is," he added. Under Article 50 of the EU treaty, Britain is due to leave on March 30, 2019, two years after British Prime Minister Theresa May filed formal notice of its withdrawal. Detailed technical divorce talks will start following Britain's June election, roughly a year after Britons delivered the shock vote to leave the EU, an unprecedented setback in 60 years of European integration.