UK to pay £2.3bn to European Union to settle fraud case

The British government has paid the European Union £2.3 billion to settle a long-standing fraud case involving imports of Chinese fabrics and shoes.

The UK paid the bloc €1.2 billion (£1.1 billion) on February 6 and €700 million on January 13, in addition to the €678 million paid in June 2022, according to a statement given to Parliament by Chief Under-Secretary of the Treasury John Glenn. .

“These are large sums of money, but they are the final payments and put an end to this protracted affair,” Glenn said, noting that “despite the UK leaving the European Union, the UK government is committed to meeting its international obligations.” and seeks to resolve this issue.

The European Commission filed a lawsuit against the United Kingdom in March 2018 for fraudulently understating the value of Chinese imports, and the European Court of Justice ruled against the UK in March 2022.

The UK has appealed the decision, saying it has taken appropriate action to investigate the fraud.

Source: BBC

Related Stories

Leave a Reply