European Commission President Jean-Claude Juncker has warned the UK it faces a “very hefty” bill for Brexit. He promised two years of “tough negotiation”, when discussions on leaving terms get under way between the government and the European Union.
Exit will not come “at a discount or at zero cost”, he said in a speech to the Belgian Federal Parliament. Reports suggest the UK could have to pay the EU up to 60 billion euros (£51bn) after Brexit talks start.
Mr Juncker’s comments came as the House of Lords held a second day of discussion of the government’s European Union (Notification of Withdrawal) Bill, which, if passed into law, will allow Prime Minister Theresa May to trigger Article 50 of the Lisbon Treaty, allowing formal talks with the EU to start(BBC,2017)