The United Kingdom will have to honour its financial commitments in the event of an exit from the EU without an agreement, one of the “preconditions” for opening negotiations on a future trade agreement, the European Commission reiterated on Wednesday.
London will have to ensure that “the United Kingdom fulfils its financial obligations as a Member State”, emphasised the European executive in a statement taking stock of preparations for a Brexit without agreement.
The latest estimate for the size of the UK’s ‘divorce bill’ with the EU is £39 billion (€42 billion). This figure is based on calculations the UK and EU have agreed, although the final value may still change.
Boris Johnson, one of the favourites to succeed Theresa May as head of government, threatened not to pay the bill due to the EU.