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James O'Brien examines Iain Duncan Smith's "idiotic" admission on Brexit | LBC
Posted
August 4, 2020
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August 4, 2020
40,534
675
514
2.93%
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3:59Now PlayingJames O'Brien labelled Iain Duncan Smith's comments on the EU Withdrawal Agreement "one of the most idiotic" yet.
The Brexiter, who had previously said that the trade deal with the EU is "oven ready", tweeted his disappointment that the Withdrawal Agreement was tilted so heavily in the EU's favour.
That is the same Withdrawal Agreement which he both voted for and also voted to speed through the House of Commons without the usual time to scrutinise it.
So imagine his surprise when he has just discovered some small print, which ties the UK to the EU's debts.
He tweeted: "Whilst the UK wants to have a good trade relationship with the EU as a sovereign state, the EU has different ideas. They want our money and they want to stop us being a competitor. The Withdrawal Agreement (WA) we signed last year sadly helps them.
"To avoid their own budget black hole, the EU gets £39billion as a “divorce payment” from us, reflecting our share of the current EU budget. But it gets worse. Buried in the fine print, unnoticed by many, is the fact we remain hooked into the EU’s loan book.
"You can't be half in the EU & half out, the problem is the WA. It costs too much & it denies us true national independence. This WA giving the EU future control over us has to go. Now Britain faces a £160billion EU loans bill AFTER Brexit."
#JamesOBrien #Brexit #LBC
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