What does it cost to leave the EU?
Brussels blog 2017-02-09
Summary:
To receive the Brussels Briefing in your inbox every morning, register for a free FT account here and then sign up here.
How do they get to €60bn? The Commission’s arguments are becoming clearer, but it remains cagey about the precise numbers (EU-27 officials may be told more today when they meet on this subject). From some (often patchy) public data, I’ve estimated the net €60bn bill consists of: €10bn for pension promises to EU officials; around €36bn from unpaid spending commitments; and €27bn of other liabilities and promises of structural funding that will be discharged between 2019-2023. From that is deducted roughly €12bn of UK receipts, from its share of assets and commitments.
Read more