• CTM News

UK's Johnson baulks at Brexit cost as leadership race hots up


FILE PHOTO: Former British Foreign Secretary Boris Johnson, who is running to succeed Theresa May as Prime Minister, leaves his home in London, Britain, May 30, 2019. REUTERS/Hannah McKay/File Photo



Boris Johnson, the leading candidate to succeed Theresa May as Britain’s prime minister, said on Sunday he would withhold an already agreed 39-billion-pound ($49.6 billion) Brexit payment until the European Union gives Britain better withdrawal terms.


Johnson is one of 11 lawmakers vying to run the world’s fifth largest economy after May resigned as leader of the governing Conservatives on Friday, having failed to unite parliament or the country behind her Brexit plan.


Britain is mired in its deepest political crisis in decades over how, when and whether it should leave the EU - a decision that will fall to May’s successor and affect both its future role on the world stage and prosperity for generations to come.


As the contest to replace May gathered pace on Sunday, Johnson made his first major intervention, targeting the large pro-Brexit wing of his Conservative Party with a promise to take a hard line with Brussels over the terms of Britain’s exit.


“I think our friends and partners need to understand that the money is going to be retained until such time as we have greater clarity about the way forward,” Johnson told the Sunday Times. “In getting a good deal, money is a great solvent and a great lubricant.”



Reuters

9th June 2019

Subscribe to Our Newsletter

  • White Facebook Icon

ISSN: 2639-7714  ( Print )

ISSN: 2639-7730  ( Online )

P. O. Box 360722  Dallas, 75336 Texas

© 2020 by Christian Times Magazine