Britain will be paying the EU for another 46 years
|03/13/2018||Posted by BusinessMediaguide.Com under General World News||
LONDON — Britain will not pay off its Brexit divorce settlement until the year 2064 — 46 years from now — according to the latest economic forecasts from the Office for Budget Responsibility.
The UK government has agreed to pay £37.1 billion to the European Union as part of its departure from the bloc, in order to pay off financial commitments it signed up to prior to the British public voting for Brexit.
However, the OBR has revealed today this sum will be paid off via staggered contributions lasting to the year 2064.
The UK will pay £16.4 billion to the EU between read more >>>