Thread: Brexit (Old)
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Old 10-12-2018, 17:41   #4714
jfman
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Join Date: Dec 2004
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Re: Brexit

Quote:
Originally Posted by Sephiroth View Post
https://www.instituteforgovernment.org.uk/explainers/eu-divorce-bill

Sets out the numbers.
“That set out a total bill of €41.4bn (£37.1bn), extending out to 2064 as pension liabilities fall due.

But it also makes clear that around half consist of payments the UK will make during the transition phase. The OBR estimates net payments under the financial settlement of €18.5bn (£16.4bn) in 2019 and 2020, during the transition, followed by net payments of €7.6bn in 2021, €5.8bn (2022) €3.1bn (2023) and €1.7bn (2024) before falling away to €0.2bn in 2028. The liabilities, net of assets, that then remain to be paid amount to a total of €2.7bn over the period 2021–45.”

It doesn’t actually say that those are transitional costs, just that the payments are due in 2019 and 2020.
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