‘We don’t recognise that figure’: London & Brussels at odds over UK’s liabilities under Brexit divorce agreement
The UK has rejected the EU’s estimate of the Brexit settlement cost included in the bloc’s latest accounts report, which amounts to over €47 billion. It does not reflect the money the EU owes the UK, London argues.
The sum Brussels expects to receive from London as part of the Brexit Withdrawal Agreement has recently been made public. First revealed in the EU’s annual accounts report for 2020, it was picked up by Irish broadcaster RTE on Thursday.
According to EU officials, the UK owes the bloc €47.5 billion ($56.2 billion). The sum mostly comprises the UK’s share of EU spending commitments taken before December 31, 2020. London owes the EU 12.6% of its spending commitments to that date under Article 140 of the Withdrawal Agreement.
Another article says that London must also cover the cost of 12.6 percent of salaries and pensions for EU officials, MEPs, and commissioners owed by the EU as of the end of 2020.
The figure has not sat well with UK officials, who predicted back in 2019 that the settlement bill would be £35-39 billion (€40.8-45.5 billion). In 2018, the UK’s Office for Budget Responsibility (OBR) said it would likely amount to €41.4 billion.
“We don't recognise that figure,” Prime Minister Boris Johnson's spokesman told media, referring to the EU’s latest estimate. “It's an estimate produced by the EU for its own internal accounting purposes. For example, it doesn't reflect all the money owed back to the UK, which reduces the amount we pay.”
The EU’s report only mentions €2.1 billion the bloc owes to the UK, related to various fines imposed by the EU that are returned to member states.
Europe also apparently does not plan to give up easily. “All the calculations have been carried out in line with the provisions of the Withdrawal Agreement,” an EU spokesperson said, responding to the British criticism. “The report is final.”
According to EU officials, the UK owes the bloc €47.5 billion ($56.2 billion). The sum mostly comprises the UK’s share of EU spending commitments taken before December 31, 2020. London owes the EU 12.6% of its spending commitments to that date under Article 140 of the Withdrawal Agreement.
Another article says that London must also cover the cost of 12.6 percent of salaries and pensions for EU officials, MEPs, and commissioners owed by the EU as of the end of 2020.
The figure has not sat well with UK officials, who predicted back in 2019 that the settlement bill would be £35-39 billion (€40.8-45.5 billion). In 2018, the UK’s Office for Budget Responsibility (OBR) said it would likely amount to €41.4 billion.
“We don't recognise that figure,” Prime Minister Boris Johnson's spokesman told media, referring to the EU’s latest estimate. “It's an estimate produced by the EU for its own internal accounting purposes. For example, it doesn't reflect all the money owed back to the UK, which reduces the amount we pay.”
The EU’s report only mentions €2.1 billion the bloc owes to the UK, related to various fines imposed by the EU that are returned to member states.
Europe also apparently does not plan to give up easily. “All the calculations have been carried out in line with the provisions of the Withdrawal Agreement,” an EU spokesperson said, responding to the British criticism. “The report is final.”
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.