£50bn to leave the EU. What an unforgivable waste of money | Jonathan Freedland

Farage wants to walk away, Grayling thinks it’s good value. Either way, Brexiteers promised people something they couldn’t deliver

Well, at least the City folks like it. The pound shot up in value on the news that Britain is ready to settle its European bill to the tune of £50bn or more, as investors dared to glimpse some light at the end of the Brexit tunnel. Their hope is the same as Theresa May’s: that once Britain has agreed to pay up in full – including for liabilities stretching decades into the future – the remaining 27 EU leaders will allow the Brexit talks to move away, at last, from the terms of the divorce settlement, and on to the future relationship between the UK and the rest of Europe.

May should bask in the delight of the traders, because theirs may be the only applause she gets

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from The Guardian http://ift.tt/2ifynWZ