These stories are probably un-true because the gutter press and their friends in the Brexit community tend to exaggerate and generate project fear stories.
It is quite possible that none of the loans made by EU financial institutions whilst the UK is was a member state will become non-performing and that the UK's liabilities will be zero. It is obvious to all that the UK is responsible for its share of liabilities for loans made by the EU before the UK left the European Union. To renege upon this liability would see the UK becoming an international and financial pariah state.
Every person voting for Brexit knew that we would be liable for these debts. The Withdrawal Agreement which the UK Prime Minister signed stated specifically that the UK would be liable. The Brexit MPs were so keen on exiting the EU that they ensured that parliamentary scrutiny of the deal was curtailed.
The people of Britain and Northern Ireland were told that leaving the EU would be a "piece of cake" and that they would have an "oven ready deal" which would allow the nation to leave the EU without any political, diplomatic or financial consequences. If you were one of the 52% of those who voted for Brexit then you were duped. Unfortunately, the 17 million who voted to leave, the 15 million who voted to Remain and the 13 million who did not vote, at all, will all suffer the same adverse consequences. If you voted to leave then do not complain when Covid 19 adversity is added to by leaving the single market and customs union. Any spare money that the government had to stimulate the economy after the 31 December 2020 has been spent on the Covid 19 crisis, the treasure chest is now empty. Added to this are liabilities incurred while the UK was part of the EU. We would have been better off not leaving.
Today it was announced that there will be a Kent Access Permit to allow HGV drivers access to a limited number of roads near the port of Dover and the Eurotunnel entrance to prevent lorries destined for the EU clogging up local roads. These permits will be valid for 24 hours and lorry drivers will be personally liable to a fine for breaking the rules. If EU hauliers and drivers refuse to drive to the UK because of the extra bureaucracy then there could be shortages of food.There is no doubt that prices will go up because of the inconvenience of time being wasted. UK hauliers and drivers will be limited in the number of licences granted to operate in the EU so they will not be able to take up any slack generated by the reluctance of EU hauliers and drivers to come to the UK.
You were warned about this by the Remain supporters whose claims were dismissed as project fear, but if we are not careful then project fear will become a reality. However, don't complain as you will get a blue passport and it will make you feel very special, but it won't help you to emigrate to the EU if times get very tough and you feel the desire to escape all the new bureaucracy, queues and financial liabilities.
