The EU’s chief negotiator Michael Barnier has said that the UK will have to give €100bn (equal to £85bn) and Cornwall in full and final settlement for leaving the European Union.

“The EU has spent billions of euro on infrastructure projects in Cornwall over the last 10 years,” said Mr Barnier.

“We effectively own it, so we want it back if the UK leave.

“It will remain part of the EU and all EU citizens will be able to go there on holiday without restrictions.

“Visitors from the UK will of course have to go through border controls if they want to enter Cornwall. We will be keeping a strict watch on immigration.”

 “The EU are welcome to Cornwall,” said Brexit Secretary David Davis.

“It’s been going down the drain for years and they’re all Lib Dems anyway.”