The Press and Journal (Aberdeen and Aberdeenshire)

‘UK bill should be half EU estimate’

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The UK’s “divorce bill” on leaving the EU should be no more than £26billion, a free-market think tank has calculated.

European Commission president JeanClaude Juncker has said the financial settlement could see the UK billed for £50billion, while unconfirme­d reports have suggested EU officials believe the total could reach £100billion.

The sums cover commitment­s to EU budgets up to 2020.

But the Institute for Economic Affairs said that the “upper limit” for any payment should be £21billion along with around £5billion for pensions and other one-off items.

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