The EU and the UK are close to agreement on the final Brexit ‘divorce bill’ — the share of EU liabilities the UK will pay upon leaving the bloc — according to several reports in the British media reported late on Tuesday. The BBC, the Financial Times, the Guardian and several other British newspapers and media outlets are reporting that following a UK government cabinet meeting last week, the British significantly upped their offer to Brussels, coming much closer than they previously had to the EU’s estimate of the UK’s financial obligations. According to several EU diplomats and officials, intense negotiations have led to the UK broadly agreeing to the terms of a financial settlement that could see the country paying a net amount of at least €50 billion ($59 billion) over a period of several years after it leaves the EU in March 2019. When asked on Wednesday about the reports, the EU’s chief negotiator on Brexit Michel Barnier said: “We are working really, really hard on these subjects. I hope that I can report that we have been able to negotiate a deal.” While nothing official has been announced, the reports suggest the two sides are close enough on… Read full this story
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