This letter, written by CIB Committee member Michael McGough, appeared in the Daily Telegraph on 22nd November 2017.
SIR – I hope that the Prime Minister and her team will be able to justify any “divorce bill” paid to the EU.
Sums must not be plucked from the air, but fully justified and audited. Most of the information upon which to calculate this payment is readily available. Our share of EU assets must be fully accounted for at our exit.
This is not an auction, but an orderly departure. We will pay what is due, but no more.