40 billion Euros Brexit Bill unacceptable says the UK

The report in the media that the UK government is willing to pay 40 billion Euros Brexit Bill is false and unacceptable, according to the spokesman of the UK PM Theresa May. The Brexit Bill is one among the top agendas for negotiations with the EU and also happens to be one amongst the most contentious one. While the EU has projected a Brexit bill of 60 billion Euros, the UK on its part is yet to indicate the amount of the bill for which it would settle.

It was reported by the Sunday Telegraph that the UK is willing to pay 40 billion Euros Brexit Bill and cited three anonymous sources acquainted with the negotiation strategy of the UK. The spokesman of PM Theresa May said that it was clarified by May while triggering the exit process that a fair settlement must be discussed. This was applicable to both the obligations and rights of the UK as an EU member state, added the spokesman, as quoted by The Hindu.

The spokesman of the UK Prime Minister refused to give details of the most likely figure of the Brexit bill that would be acceptable to the UK. There was no information even regarding the exact rules that would be used to calculate the Brexit bill.  The spokesman further added that he was neither getting in to running commentary for the Brexit bill nor the exact structure of the calculations.

It is being estimated that the Brexit bill is likely to comprise of the amount the UK has already promised to the several years budget of the EU. The ongoing monetary risks that were agreed during its membership and contribution to the EU officials’ pension scheme are also likely to be added to the final bill.

If you are looking to Study, Work, Visit, Invest or Migrate to the UK, contact Y-Axis, the world’s most trusted Immigration & Visa Consultant.