If Britain does not pay its Brexit divorce bill, its credit rating would be affected, EU Budget Commissioner Günther Oettinger warned.
Boris Johnson, the new British prime minister, this week repeated his threat not to hand over the £39 billion financial settlement to Brussels.
“If [he] is serious with these statements, it would jeopardize the credit rating of the United Kingdom,” said Oettinger in comments to the newspaper Tagesspiegel today, adding that refusing to pay up would also endanger future cooperation with the EU.
The German commissioner added, however, that the sum of £39 billion was not “discussed and agreed with us.”
The figure was the estimated amount of outstanding commitments when the U.K. and EU initially agreed on a divorce settlement last year. It has since been revised down to around £33 billion.