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Economy

UK-EU Relations

This fact was correct when it was updated on 23 Sep 2020

What is the Brexit divorce bill?

This is the amount of money that the UK agreed to pay to settle outstanding liabilities that had built up during its EU membership. The final sum will not be known for decades because the UK has commitments, such as pensions and loans, that run well into the future. Nevertheless, the most common estimate is £35bn-39 billion. The UK has already paid a substantial element of this by maintaining its contribution to the EU budget during transition. As of March 2020, the Office for Budget Responsibility (OBR) estimated that there remained around £32 billion outstanding from the 2020/21 financial year onwards.

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