EU`s Juncker Says U.K.`s Brexit Bill Will Be Around $62 Billion

by Dramelin 1:30 AM 0 comments

The U.
K.
will have to pay a bill of about 50 billion pounds ($62 billion) when it leaves the European Union, Commission President Jean-Claude Juncker warned as British Prime Minister Theresa May prepares to trigger the formal start of the exit process.
?We have to calculate scientifically what the British commitments were and then the bill has to be paid,? he said.
This is the clearest indication from the commission of the size of the bill, and is in line with an estimate cited by Austrian Chancellor Christian Kern of 60 billion euros.
Asked if the bill will be 50 billion pounds, which is about 58 billion euros, Juncker replied: ?It?s around that.
?May will launch Britain on a two-year process of negotiations to quit the EU on March 29, when she says she will trigger Article 50 of the bloc?s Lisbon Treaty.
The size of Britain?s exit bill will be among the first -- and most contentious -- topics for discussion, with British ministers indicating they do not believe the U.
K.
is liable for such a large sum.