UK PM May’s spokesman denies of 40 billion euros Brexit ‘Exit Bill’
 Source : NewsBharati  Date : 08-Aug-2017
London, August 8: Brexit is a common topic in Europe and elsewhere. Something which triggers the most about the topic is the ‘exit bill’. Recently, the local British media reported of the government is willing to pay 40 billion euros to the European Union for its exit. However, the allegations were shooed away by PM Theresa May’s spokesperson.
 
 
 
The EU has floated a figure of 60 billion euros while Britain hasn’t agreed on any payment yet. May’s spokesperson said, “The prime minister made clear in the letter triggering Article 50 (the EU exit process) said the UK and the EU need to discuss a fair settlement of both our rights and obligations as an EU member state.”
 
Britain has less than two years to negotiate the terms of its exit from the EU - an unprecedented untangling of more than 40 years of legal, economic and political ties. Early rounds of talks have made little progress, with the EU's negotiating team demanding more clarity from Britain on what it wants.
 
When asked whether Britain and the EU were expecting to come up with a firm figure for the exit bill at this stage in the talks, or a less precise agreement covering the rules which would be used to calculate it, the spokesman said: "I'm not getting into a running commentary on the negotiations or the precise structure of them."
 
The bill is expected to be made up of money Britain has already committed to the multi-year EU budget, ongoing financial risks it agreed during its membership to help cover, and a contribution to the pension scheme for EU officials. The size of the bill will also heavily depend on the shape of Britain's transitional agreement - a staggered exit process which could see the government paying into EU regulatory schemes while new domestic ones are established.
 
Britain has less than two years to negotiate the terms of its exit from the EU - an unprecedented untangling of more than 40 years of legal, economic and political ties. Early rounds of talks have made little progress, with the EU's negotiating team demanding more clarity from Britain on what it wants.