The UK owes €47.5 billion to the EU after Brexit

The European Commission confirmed on Friday that the UK must contribute to the budget European Union (EU) 47,500 million euros in the coming years as part of the financial commitments made by London before leaving the Community Club and in line with what was agreed in the exit agreement.

This figure was included in the European Union’s annual accounts for the financial year 2020, published on June 30, and is higher than the 35,000 to 39,000 million pounds (between 40,784 and 45,449 million euros) that the Treasury estimated to pay from United. kingdom.

At the European Commission’s daily press conference, spokesman Palash Ogvari emphasized that the €47,500 million figure was “correct” and that the UK should contribute this money to the EU budget. “in the next years”.

He specified that to reach this amount, the financial commitments made by the British Government when it was a Member State and also during the transitional period which lasted between 1 February and 31 December of the year were taken into account, above all. So is the UK’s contribution to the EU’s pension and sickness insurance system.

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All those accounts Made in line with the Withdrawal Agreement“In reference to the agreement in which the cost of the British withdrawal is discussed, among other things,” he added.

Of the 47,500 million euros, the UK in 2021 will have to pay a total of 6,800 million euros in two parts.

The first of these parts, in turn, will be divided into four different entries. The first of them has already been carried out in June, according to Ogvari, and the following are scheduled for July, August and September.

“We have absolutely no sign at this point on the bill or the amount we calculated vaya to be hit”He stressed and insisted that “everything that needs to be done has been done” by the UK.

European Commission spokesman, Eric Mammer, indicated that Brussels did not expect problems with London over the bill.

Meanwhile, UK Relations Spokesperson Daniel Ferry emphasized that the €47.5 billion payment was a “legal obligation, like any other part of the Withdrawal Agreement”.