British and European negotiators have reached a deal for Britain to pay tens of billions of euros to leave the European Union, according to press reports on Tuesday (28 November).
London and Brussels have agreed on Britain’s financial obligations but had not settled on an exact amount for the so-called divorce bill, both the Daily Telegraph and the Financial Times reported, citing diplomatic sources.
Both sides have now accepted the British will pay between €45 and €55 billion, with the final figure depending “on how each side calculates the output from an agreed methodology”, the Telegraph noted.
Meanwhile the FT reported Britain would cover EU liabilities worth as much as €100 billion, but when structured as net payments during many decades that could drop to less than half that amount.
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Source: euractiv.com
