Unclear Brexit Divorce Bill
Financial Costs of Brexit
However, the government in Westminster has now upped its offer to €40 up to €55 billion. This was apparently given a "broad welcome" in Brussels, according to the BBC. Downing Street is however still jittery and tried to downplay the report. The UK needs to pay its way out of the EU, partly because the EU financial budget is set out for seven years in advance and the British government will need to stick to its legally binding promised payments. The current EU budget runs from 2014 to 2021.
This chart shows payments requested and offered in connection with the UK leaving the EU (in billion euros)