Brexit: Barnier says things will be 'more difficult' for UK
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The figures have been devised under the EU’s consolidated budget report for 2020, it has been reported. In a blow to Boris Johnson the divorce settlement is higher than what was predicted by the UK in 2017. In December 2017, the UK predicted it would pay between £35-39billion to the EU.
As reported by RTE’s Tony Connelly, the payment will broken down into two amounts.
Under article 140 of the withdrawal agreement, the UK is legally obliged to pay its share of the EU’s outstanding payments as of December 31 – before the end of the transition.
This concerns programmes, projects and contracts already agreed before the December 31 deadline, he reports.
A second amount concerns the EU’s liabilities such as pensions under article 143.
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