The UK and EU have reportedly reached an agreement on the terms of Brexit financial settlement, a report says.
According to The Daily Telegraph, the negotiators of both sides have agreed that the controversial “divorce bill” will amount to between €45 and €55 billion depending on fine details.
Meanwhile, diplomatic sources told The Financial Times that Britain has accepted to take €100 billion of liabilities with a goal of paying less than half of that in net payments over the long term.
According to two sources, the terms were discussed and agreed on at a meeting in Brussels late last week following long discussions led by Oliver Robbins, the UK’s chief Brexit negotiator.
While a spokesperson for the European Commission’s negotiating team would not comment on the reports, British officials said they did not “recognize” the reported figures.
The Irish border, among other issues, has eclipsed the financial settlement in…