A brand new Brexit row has erupted over how a lot the United Kingdom owes the EU as a part of its “divorce invoice”.
The EU’s newest accounts counsel the United Kingdom will have to pay billions greater than was once to begin with anticipated – €47.5bn (£40.8bn).
However Downing Side road firmly rejected the revised web determine on Friday, insisting that the departure sum stays inside the vary of earlier goals of between £35bn and £39bn.
A No 10 spokesperson pledged to supply extra main points at the subject to parliament in the following few weeks.
“We do not recognise that determine, it is an estimate produced by means of the EU for its personal inside accounting functions,” they stated. “As an example, it does not replicate all of the cash owed again to the United Kingdom, which reduces the volume we pay.
“Our estimate stays within the central vary of between £35 and £39 billion and we will be able to submit complete main points in parliament in a while.”
The invoice covers spending commitments made all the way through the United Kingdom’s virtually 50-year club of the EU.
Each events agreed how the volume can be calculated as a part of the negotiations over the Withdrawal Settlement which allowed the United Kingdom to go away the EU.
Alternatively, while the method was once showed, an actual determine was once now not.
In 2018, the Place of business for Finances Duty (OBR) estimated the so-called “divorce invoice” would value the United Kingdom govt £37.1bn – however the determine which emerged in Brussels’ newest accounts counsel the United Kingdom are in debt of a minimum of £3bn extra.
The EU say the revised determine is “proper”.
“The document is ultimate and the calculations had been made in keeping with the withdrawal settlement,” stated a spokesman.
“We have now already knowledgeable the United Kingdom govt in regards to the bills that they’ve to do in regards to the primary a part of this 12 months and they have got already if truth be told paid a part of the volume involved.
“Subsequently, we’ve got completely no indications at this day and age that the invoice, or the volume that we have calculated might be contested.”
The United Kingdom left the EU on the finish of 31 January 2020. This started a transition duration that ended at 11pm on 31 December 2020.
The EU’s accounts for 2020 state the United Kingdom owes the EU €6.8bn (£5.8bn) this 12 months.