Matthew Lynn Matthew Lynn

We should jump at the chance to pay off the EU in euros

Thirty billion? Fifty billion? Eighty billion, and we have to cover the cost of Jean-Claude Juncker’s martinis for the next decades, plus pick up the dry cleaning for every member of the European Parliament. The debate over Britain’s final exit bill for leaving the EU looks set to be among the most acrimonious issues as we negotiate our departure.

But hold on. The first-class brains over in Brussels have made a slip. They are demanding that all the bills be settled in euros, rather than pounds. And yet they seem to have forgotten that their currency remains uniquely vulnerable to a catastrophic collapse. In fact, Philip Hammond should take that deal – because it might turn out to be very good one for the UK.

It sometimes seems as if the EU is basically run to give the Daily Mail something to be cross about.

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