€60bn? €100bn? The numbers seem to come out of thin air
Thankfully the FT have done an awesome job of digging into what and how the UK's Brexit bill may be made up, particularly this new €100bn figure.
The highlights;
EU wants UK to fund operations through 2019 & 2020
Also wants UK to adhere to the 7 year budget plan ending 2020
EU looked at liabilities from 2019 to 2025
Wants an upfront payment for some liabilities which would be reimbursed if not needed
Total bill would be agreed but UK would be able to pay in installments
There's nothing trading related to this story but it does a good job of covering the mechanics in some areas which can be applied to others. It's also worth noting the point that the UK government might try and hide some of the contentious payments in the small print.
It's a good read for some background knowledge, and isn't gated.
