Brexit: the exit bill

CBP-8039

Published 13/11/2017 Amended 13/11/2017

Topics:  EU grants and loans

Summary

When the UK leaves the EU it is expected to make a contribution towards the EU’s outstanding financial commitments – spending that was agreed while the UK was a member. The media have labelled this as an ‘exit bill’ or ‘divorce bill’, the EU see it as a matter of ‘settling the accounts’. The issue is being discussed in the first phase of Brexit negotiations under the title of the ‘single financial settlement’ (the settlement).

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http://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-8039