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In a speech delivered in Florence last month, May offered to make EU budget contributions of roughly 10 billion euros ($11.8 billion) annually for a transition period of at least two years after the Brexit deadline, as well as to maintain free movement of labor and enforce all EU rules.What if May is not really serious about that "deep and special partnership"?Even then, Britain will need to continue paying budget contributions for many years if it wants an orderly and nondisruptive Brexit.This implies that Britain's budget contributions must also continue until new global agreements are finalized.So, even if British politicians and voters really want a hard Brexit involving total rupture with Europe, U.K. businesses will need to preserve their special EU trading arrangements, along with the associated budget contributions, for at least several years beyond 2021 .Either way, May should recognize that EU budget payments will be inevitable for many years after Brexit.
Examining Europe’s economic prospects
Will Boris Johnson’s political coup succeed?
Has a no-deal Brexit become more likely?
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