U.K. Brexit divorce bill valued at around 50 billion euros – National


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Britain has supplied to pay a lot of what the European Union was demanding to settle a Brexit divorce invoice,” bringing the 2 sides near settlement on a key impediment to opening talks on a future free commerce pact, EU sources mentioned on Tuesday.

The provide, which British newspapers valued at round 50 invoiceion euros, mirrored the majority of excellent EU calls for that embrace London paying a share of post-Brexit EU spending on commitments made earlier than Britain leaves in March 2019 in addition to funding of EU workers pensions for many years to return.

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A British authorities official mentioned they “don’t acknowledge” this account of the talks occurring forward of a go to by Prime Minister Theresa Might to Brussels this coming Monday.

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EU officers near the negotiations burdened that work was nonetheless persevering with forward of Might’s talks with European Fee President Jean-Claude Juncker and his chief Brexit negotiator Michel Barnier. However EU diplomats briefed on progress mentioned the British provide was promising and that, on the monetary settlement, the 2 sides had been, as one mentioned, “near a deal.”

Nonetheless, others cautioned that Britain had but to make a totally dedicated provide and that important settlement from the opposite 27 member states couldn’t but be taken with no consideration.

The EU set the situation of “vital progress” on three key parts of a withdrawal treaty earlier than it might accede to London’s request for negotiations on a free commerce pact that would maintain enterprise flowing after Brexit in 16 months.

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It set a deadline of Monday for that progress to be made if EU leaders had been to offer a inexperienced mild at a summit on Dec. 14-15.

On the difficulty of the rights of EU residents in Britain, EU negotiators are nonetheless urgent Britain to just accept that European judges ought to have a last say on imposing these rights.


If the monetary settlement, which many British companies have argued Might ought to make to be able to keep away from a disruptive “cliff edge” departure from the only market, is forthcoming, the thorniest excellent concern is that of the Irish border.

“Eire stays probably the most tough concern,” a senior EU diplomat mentioned after Irish Prime Minister Leo Varadkar prevented a disruptive snap election when his deputy resigned on Tuesday on the insistence of the occasion propping up his minority authorities.

READ MORE: Brexit: The important thing gamers negotiating Britain’s exit from the E.U.

Britain has but to fulfill EU – together with Irish – calls for that it make clear how it might keep away from a “laborious border” with customs posts on land between Northern Eire and the EU. Many worry that may disturb the delicate peace within the British province.

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On the Brexit invoice, Juncker has estimated Britain would owe roughly 60 invoiceion euros. EU officers say Brussels is keen to work with Might to therapeutic massage these figures to be able to assist her win backing from hardline Brexit supporters who’ve previously insisted that Britain owes Brussels nothing.

Britain’s Monetary Occasions mentioned London agreed to imagine liabilities price as much as 100 invoiceion euros, however mentioned internet funds over many a long time might fall to lower than half that quantity.

The European Fee declined to remark. Britain’s Brexit ministry mentioned “intensive talks” had been persevering with and the 2 sides had been looking for a approach to “construct on current momentum within the talks” to take them to the following stage.

Sterling rallied round 1 % in opposition to the U.S. greenback as traders took the experiences as an indication that the chance of Britain leaving the EU and not using a deal, which is extensively seen as damaging to the financial system, had diminished. (Reporting by Man Faulconbridge and Elizabeth Piper in London and Alastair Macdonald in Brussels; enhancing by Gareth Jones and Andrew Hay)

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