Leading Brexiter says British people wouldn’t expect government to leave EU without paying amid reports that sum has been agreed

The reported financial settlement the UK is set to pay on leaving the European Union would be “meeting the obligations we’ve built up, no more or less than that”, one of the cabinet’s leading Brexiters has said.

Chris Grayling, the transport secretary, said the sum of more than £50bn apparently agreed on Tuesday was speculation, but underlined the fact that the government did not want to “walk away on bad terms”.

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