The European Union has floated a figure of €60 billion and wants significant progress on settling Britain’s liabilities before talks can start on complex issues such as future trading arrangements. Photo: ReutersLondon: Britain is prepared to pay up to €40 billion ($47 billion) as part of a deal to leave the European Union (EU), the Sunday Telegraph newspaper reported, citing three unnamed people familiar with Britain’s negotiating strategy. The European Union has floated a figure of €60 billion and wants significant progress on settling Britain’s liabilities before talks can start on complex issues such as future trading arrangements. The government department responsible for Brexit talks declined to comment on the Sunday Telegraph article. A second Whitehall official said Britain’s bottom line was “€30 billion to €40 billion” and a third official said Prime Minister Theresa May was willing to pay “north of €30 billion”, the Sunday Telegraph reported.

Source: Mint August 06, 2017 04:41 UTC