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The British have to pay more to exit the EU

2021-07-09T21:08:19.450Z


Britain's departure from the European Union is an expensive undertaking for the country. A budget report now shows that it is even costing the British around six billion euros more than expected.


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Queen Elizabeth amidst children with British flags

Photo: POOL / REUTERS

The exit from the European Union (EU) is more expensive for Great Britain than expected.

The government in London has to pay the EU 47.5 billion euros as part of the Brexit exit agreement, according to the EU budget report for 2020.

The total is higher than originally assumed.

The British independent budgetary authority OBR had estimated the amount at just 41.4 billion euros in March 2018, the higher amount had first reported by RTE News.

Great Britain left the international community in January 2020.

A transition phase, in which the country still adhered to the rules of the EU internal market, ended on December 31st.

It's been five years since a narrow majority of British voters shocked the rest of Europe and voted to leave the EU.

Since this vote in favor of a Brexit, it has been clear that Britain no longer wants to be part of the unifying Europe.

However, it is still unclear where the British want to go after leaving Europe.

kig / Reuters

Source: spiegel

All business articles on 2021-07-09

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