Skip to main content

Written question asked by Lord Higgins (Conservative) on Monday, 2 October 2017, in the House of Lords. It was due for an answer on Monday, 16 October 2017. It was answered by Lord Bates (Conservative) on Monday, 16 October 2017 on behalf of the Treasury.


Brexit

Question

To ask Her Majesty's Government what Sterling to Euro exchange rate they are using to calculate the value of any financial settlement arising from the Brexit negotiations.

Answer

The arrangements for withdrawal from the EU, including determining the sterling and euro values of the financial settlement, will be a matter for the withdrawal agreement as part of the Article 50 process. The UK government is committed to working with the EU to determine a fair settlement for Britain’s exit and the best deal for UK taxpayers.


Secondary information

Type
Written question
Reference
HL1655
Session
2017-19
Subjects
Contributions EU budget Exchange rates Brexit
Link
View this Written question on www.parliament.uk