The EU Divorce Bill (or Brexit finance settlement) is the amount of money demanded by the European Union (EU) of the United Kingdom (UK) for leaving the EU. This is part of the current Brexit negotiations. This amount is calculated as a UK commitment after exit but has not taken into account UK investment in funds such as the European Development Fund.
In WA negotiations, it is formally called financial settlement .
Britain has a 16 percent stake in European Investment Bank (EIB) worth  £ 8.8bn. based on data sent by lawyers for the UK.
In its position, the EU considers that the United Kingdom must respect its share of the financing of all obligations undertaken when it is a member. This position paper is dated from June 2017.
It has no official figures The bill may be complicated enough to count: a range of obligations other than the EU's core budget, and the UK's rights to a portion of the EU's assets. Numerous figures have been provided: Ã, Â £ 50 billion (EUR54bn) for Sunday Times, Ã, Â £ 36 billion (EUR40bn) for the Sunday Telegraph.
According to Boris Johnson, European leaders can 'whistle' over the EU divorce bill.
This was introduced at the time of the 50th EU notice article by Theresa May.
These are introduced and set out in the mandate of the EU negotiations, which considers orderly withdrawals requiring the completion of financial obligations and methodologies for financial settlement at the first stage of negotiations.
The British position is that the divorce bill may be combined with the transition period: Theresa May should use her Florence speech to say that the government has set aside Ã, Â £ 27bn payment to the EU after Brexit.
Britain may be bidding to address European Union concerns that UK withdrawals pose holes in the budget.
David Davis considers that the UK will work with the EU to determine a fair settlement of the rights and obligations of the UK as a member state departing.
In September 2017, European negotiator Michel Barnier, in his speech to the Italian parliament has noted that despite advances in every topic of withdrawal negotiations, major issues remain on every topic, including for financial settlement, whose goal is that:
- All that is required in these negotiations is that everyone respects the commitments they have made to each other. To finish account. No more, no less. Â »
- Ã,  «To settle the account objectively, on the basis of all commitments made to 28.Ã, »
- Ã, Â «(...) to provide - and (...) must provide - certainty for project managers working in Europe, such as in Italy and the region, and on other continents, such as Africa, on a commitment basis 28.Ã, Â »
- But beyond money, this is a question of trust between 27 and the United Kingdom, based on the respect of a person's signature. And everyone knows that we will need this trust to create a solid relationship in the future. Â ».
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References
Source of the article : Wikipedia
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