The bill that the UK will have to pay for its separation from the European Union, the so-called Brexit, appears to be higher again. That’s according to a new estimate from the UK Treasury.
The bill is now expected to reach 42.5 billion pounds (just under 50 billion euros). This means that the commitments that the UK still has to meet are about £5 billion more than last year.
The bill includes things such as agreed payments for infrastructure projects and developing countries, as well as salaries and pensions for EU employees. The UK has entered into these projects as a member of the European Union and will not suddenly get rid of them after Brexit. And so the British pay a bill for these things.
Initially, Boris Johnson’s government expected between £35 billion and £39 billion, but the bill is now estimated at £42.5 billion, according to a senior official.
The fact that the bill is higher now is due to higher interest rates and higher inflation rates. As a result, the pension obligations are higher. The official asserts that this is a duty over several decades. As a result, things that now cause a higher estimate can go down again later, so that the bill will drop again.
