ADVERTISEMENT

Britain, EU agree on divorce bill: reports

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 euros ($53-63 billion), with the final figure depending "on how each side calculates the output from an agreed methodology", the Telegraph said.

Meanwhile the FT reported Britain would cover EU liabilities worth as much as 100 billion euros, but when structured as net payments over many decades that could drop to less than half that amount.

The newspapers said negotiators, headed on the British side by leading Brexit official Olly Robbins, reached the understanding at meetings in Brussels last week.

ADVERTISEMENT

An agreement would be a major breakthrough as Britain prepares for an EU summit in December where it is hoping to get the go-ahead to start the next phase of talks on future trade ties with the EU.

It would leave two major areas on which the two sides still do not agree -- expatriate citizens' rights after Brexit and the future of the Irish border.

"The deal on the money is there," a senior source involved in the negotiations told the Telegraph.

"It's now the ECJ (European Court of Justice) question and Northern Ireland that are the outstanding issues ahead of the Council," the source said.

One key area of contention is whether the 3.2 million EU citizens living in Britain will continue to be allowed to appeal to ECJ jurisdiction or if their rights will be governed by British courts, as London insists.

ADVERTISEMENT

So far both sides have avoided publicly declaring a clear-cut number for what Britain owes the rest of the EU.

Prime Minister Theresa May had offered to cover Britain's contributions to its budget in 2019 and 2020 -- a total of around 20 billion euros.

That pledge was reportedly doubled to 40 billion euros at a ministerial meeting in London last week.

A third EU source with knowledge of the talks said the text of the financial agreement would allow a "low figure" to be generated for the British public but would also give the EU the certainty it is looking for.

Asked about the reports, a spokesman for Britain's Department for Exiting the European Union said "intensive talks" are taking place in Brussels this week, and did not address the divorce bill directly.

ADVERTISEMENT

"We are exploring how we can continue to build on recent momentum in the talks so that together we can move the negotiations on to the next phase and discuss our future partnership," he added.

A spokesperson for the European Commission declined to comment.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Aiyedatiwa sends 12 commissioner nominees to Ondo Assembly for confirmation

Aiyedatiwa sends 12 commissioner nominees to Ondo Assembly for confirmation

Woman saves animal from the streets — then she finds out it is something else

Woman saves animal from the streets — then she finds out it is something else

Alake calls on Badaru to fish out illegal miners, violators of mining laws

Alake calls on Badaru to fish out illegal miners, violators of mining laws

Divers find bodies of 2 people who drowned after Baltimore bridge collapsed

Divers find bodies of 2 people who drowned after Baltimore bridge collapsed

INEC rejects LP's National convention in Anambra, questions venue change

INEC rejects LP's National convention in Anambra, questions venue change

8 people including professor declared wanted over killing of 17 soldiers

8 people including professor declared wanted over killing of 17 soldiers

INEC to publish credentials of 17 Edo governorship candidates on Saturday

INEC to publish credentials of 17 Edo governorship candidates on Saturday

Hardship: Abiodun to begin sale of rice to Ogun residents at 50% discount

Hardship: Abiodun to begin sale of rice to Ogun residents at 50% discount

Labour Party offers Peter Obi 2027 presidential ticket unopposed

Labour Party offers Peter Obi 2027 presidential ticket unopposed

Pulse Sports

Nigeria vs Mali: Has Finidi George done enough to land Super Eagles job permanently?

Nigeria vs Mali: Has Finidi George done enough to land Super Eagles job permanently?

I want to emulate Keshi and win the AFCON - Finidi George shares ambitious Super Eagles dream

I want to emulate Keshi and win the AFCON - Finidi George shares ambitious Super Eagles dream

Michelle Alozie: I had to do it because of African referees

Michelle Alozie: I had to do it because of African referees

AC Milan star reveals he was named after Super Eagles legend Tijani Babangida

AC Milan star reveals he was named after Super Eagles legend Tijani Babangida

Give him the job! Super Eagles fans beg NFF to make Finidi George permanent coach after Nigeria's win over Ghana

Give him the job! Super Eagles fans beg NFF to make Finidi George permanent coach after Nigeria's win over Ghana

Super Eagles 2-1 Black Stars: Nigerians praise Iwobi, Lookman, Finidi George after friendly victory against Ghana

Super Eagles 2-1 Black Stars: Nigerians praise Iwobi, Lookman, Finidi George after friendly victory against Ghana

ADVERTISEMENT
ADVERTISEMENT