UK Brexit bill could rise as EU reveals record spending promises

      Comments Off on UK Brexit bill could rise as EU reveals record spending promises

Brussels committed to €267bn in 2017, almost twice the size of the union’s annual budget

The EU’s spending promises and pension costs rose by tens of billions of euros last year, an official report reveals, raising the possibility of an escalating Brexit divorce bill for the UK.

The EU’s auditor also described member countries’ annual budget fees as “moveable”, because they are linked to commitments and liabilities that change.

Continue reading…