August 7, 2017    1 minute read

May’s Price for Brexit: €40bn

   August 7, 2017    1 minute read

May’s Price for Brexit: €40bn

UK leaders are reportedly willing to pay the hefty price tag to settle the country’s departure from the EU.​

Editor’s Remarks: Britain would pay €10bn a year and settle the rest at the end of the Brexit process. The government is apparently also seeking a trade agreement as part of the deal. However, the figure has not been agreed with Brussels, and it is under their reported €60bn asking price, and No 10 has denied the €40bn rumours. Theresa May’s government is also battling growing internal problems. The country’s economy has started to slow down, and companies across industries have put their investment plans on hold, waiting for more clarity on the Brexit process and its consequences. London’s financial sector might have to pay billions of pounds in order to relocate to other parts of the EU, and Frankfurt and Dublin are in pole position to win jobs and business from Brexit London.

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