The precise nature of the bill is dependent on what the relationship between the UK and the EU looks like after 2019

Britain’s departure will leave a big hole in the European Union’s finances, and the EU wants a settlement to ensure that all the financial promises the UK made during its period as a member state are kept, even if the UK ends up covering payments due long after it exits the bloc. It’s known by officials as the reste à liquider, the money yet to be paid.

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