New details out from the Office for Budget Responsibility show that the government’s plan will see Britain hand over cash to the European Union for decades to come, with parts of the Brexit bill being handed out until 2064.
Overall the UK is set to hand Brussels £37.1 billion between 2019 and 2064, with £16.4 billion paid between 2019-2020, reste à liquider (budgetary commitments) accounting for £18.2 billion between 2021 – 2028 and then a further £2.5 billion between 2019 – 2064.
This only takes into consideration current commitments, with the EU set to make further demands as it continues with a hardline approach when it comes to a deal.
Key passages from OBR on the Brexit Bill. Treasury sources admit payments will last to 2064 but stress they are "small" payments then. Brexiteers may not be happy. pic.twitter.com/XtgBuNk9lm
— Paul Waugh (@paulwaugh) March 13, 2018
Paying the EU money into the 2060s? The British people voted to take back control of our money, not continue to fill the EU’s coffers for decades!