UK Audit Office: Brexit divorce bill to exceed GBP 39bn

The UK National Audit Office (NAO), in its latest review report, warned that the Brexit divorce bill figure could be higher than GBP 35-39 billion (bn) estimated by the UK PM Theresa May.

Key Highlights:

Brexit divorce bill will exceed GBP 39bn

UK could pay an extra GBP 3bn more in budget contributions.

As well as an additional GBP 2.9bn to the European Development Fund.

Auditors have concluded that the Treasury's estimate includes GBP 7.2bn of receipts which will go directly to the private sector and not to the government's accounts.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.