FURY erupted yesterday after a top Eurocrat said billions in taxpayer cash will be locked in a Brussels bank for 37 years.
The European Investment Bank chief said £3billion was tied up in long-term loans.
Vice president Alexander Stubb warned Britain could lose a further £30billion if projects sanctioned by the bank “turn sour”.
Mr Stubb said: “I will do everything in my power to alleviate the pain, but the economic facts are just such that there are no winners in Brexit.” States set up the EIB in 1958 to make loans at rates below commercial banks. The UK has a 16 per cent stake.
Brexit backers point to the shareholding as an example of the “assets” Britain can claim as a credit in divorce bill talks.
Ex-Brexit Minister David Jones welcomed the recognition that cash was owed but said a 30-year wait to get it was unacceptable.
The row came as Foreign Secretary Boris Johnson again urged the EU to start talking about a future trading relationship.
Speaking in Portugal, he blasted EU delays over a deal on citizens’ rights post-Brexit. He said: “It is unthinkable that any EU citizens will be asked to leave or have their rights’ damaged.”
His Portuguese counterpart Augusto Santos Silva said a good Brexit deal between the UK and the EU would be “win win”.
CHEESE-loving EU fatcats are demanding £1.8million from taxpayers to keep their supplies stored just right.
The fortune emerged in the European Parliament’s draft budget. It lists the sum as paying for “private storage of certain cheeses”.
Another £618,000 has been budgeted for a “manual of good practices for cruises”.
Independent MEP Steven Woolfe stormed: “This stinks.”
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