Thought this was funny, Hammond at the Treasury Committee
Hammond says it would not be “plausible or credible” for the UK to refuse to pay any money to the EU if it were to leave without a deal.
But the government would want to revise the amount it would be willing to pay, he says. The deal agreed as part of the December agreement would no longer stand.
Q: Shouldn’t you be threatening to pay nothing? A lords committee said the UK would not have to pay anything. You should use your leverage.
Hammond says the UK would have some leverage, in terms of when money was paid. A lump sum is of limited use to the EU. It wants a flow of money. By threatening not to pay in instalments, the UK would have leverage, he says.
That'll show them, we'll pay all the money in one go.!!