UK to Reportedly Pay Over £50B on “Brexit Bill”

Investing.com – The EU and UK have reportedly reached a deal on the so-called “Brexit bill.”
A senior EU official told the Guardian that the UK seemed ready to honor its share of the EU’s unpaid bills accumulated over 44 years of membership, which include loans, pensions, and other liabilities.
The final sum would be 53 to 58 billion pounds.
A UK government source said that with negotiations still going on there would be no comment yet on specific figures and that those being cited currently seemed “speculative.”
This reported agreement is seen as an important breakthrough in Brexit negotiations and precedes an important meeting next week between UK Prime Minister Theresa May and the European Commission President, Jean-Claude Juncker.
There are still many questions that need to be addressed by the UK, including the question about the border on the island of Ireland. However, at the EU summit next month, the UK hopes to begin the next phase of talks on future trade ties.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.