THE reported offer for the EU ‘divorce bill’ could be worth up to €50 billion.

There has been no final agreement on a final figure and senior officials think its share of unpaid bills, loans, pensions and other EU liabilities could total between €55bn to €60bn.

The EU says the UK needs to settle its accounts before it leaves and it has been one of the main sticking points, along with the Irish border, and the status of EU citizens.

The UK is hoping to move on to trade at the December summit but the EU will only do this when it deems ‘sufficient progress’ has been made on these three areas.

 

In September Theresa May suggested the UK was willing to pay about €20bn.