The United Kingdom’s Brexit minister David Davis has dismissed the huge exit bill that is being demanded by the European Union. According to the latest report, on the requests from several members, namely France, Poland, and Germany of the European Union the negotiators have revised the exit bill demand from €60 billion to €100 billion. The number could even rise further. However, Mr. Davis has shrugged off these huge numbers. Speaking to BBC, he said that Britain would honor international and legal obligations but ruled out the idea that the European Court of Justice (ECJ) could act as the arbitrator in the exit bill or any dispute and with regard to the bill, he said these numbers are not where the UK would end up on negotiation.
Speaking to Piers Morgan on Good Morning Britain, Mr. Brexit secretary said, "We'll not be paying €100billion……..What we've got to do is discuss in detail what the rights and obligations are………It was €50billion at one point, €60billion, €100billion, we have not seen a number……….We have said we will meet our international obligations, but there will be our international obligations including assets and liabilities and there will be the ones that are correct in law, not just the ones the Commission want."
After these huge numbers from the EU and last week’s disastrous dinner talks between the European Commission President Jean-Claude Juncker and the UK Prime Minister Theresa May, it is increasingly looking like that the UK and EU are heading for a messy divorce.


Italy's Service Sector Contracts for First Time in 16 Months Amid Rising Costs and Weakening Demand
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets
Sterling Slides as Dollar Holds Firm Amid U.S.-Iran Tensions
Xi Jinping Pushes Demand-Driven Strategy to Modernize China's Service Sector
Gold Prices Dip Amid Middle East Uncertainty and Inflation Fears
Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates
Oil Prices Crash Nearly 15% After Trump-Iran Ceasefire Deal
U.S.-Iran Ceasefire: Fragile Truce Raises Hopes for Strait of Hormuz Peace Deal
Oil Prices Rebound as Hormuz Disruptions and Middle East Tensions Rattle Markets
Trump-Iran Ceasefire Sends Dollar Tumbling as Global Currencies Surge 



