The UK’s Brexit “divorce bill” stood at €41.8bn (£36.7bn) in 2021, according to the EU’s official auditors.
According to the annual report of the European Court of Auditors, the UK will pay the EU €10.9 billion in 2022.
Brexit’s divorce settlement cost decreased from €47.5 billion (£41.7 billion) in 2020 as a result of payments made by the British government.
The final sum the UK owes to the EU is not anticipated to change significantly, according to Tony Murphy, head of the European Court of Auditors. Overall, it’s relatively stable; a change might occur, but I don’t believe it will have a big impact.
The British government predicted that the financial settlement for Brexit would cost between £35 and £39 billion, although EU projections had a tendency to be higher.
A method for calculating the divorce settlement had been agreed upon before Britain left the EU on January 31, 2020, but not a specific sum. Project cancellation, adjustments to actuarial projections, and defaulted EU loans are only a few examples of the factors that can affect the final sum.
The report was released as ties between the EU and the UK were strengthening. Instead of focusing on her home issues, Liz Truss attended a European summit in Prague last week that brought together EU and non-EU nations to talk about the conflict in Ukraine.
However, according to EU diplomats, they are not overly optimistic about her views on the EU. Due to internal problems and market volatility, which are thought to be decreasing desire for a trade war with the EU, the government’s accommodative stance on the Northern Ireland protocol is linked to these factors.
