An official carries a Union Jack flag ahead of a news conference by Britain's Secretary of State for Exiting the European Union Davis and EU's chief Brexit negotiator Barnier in Brussels

The €40 billion disagreement that is stymying EU-UK talks

€40 billion

The thorniest issue around Brexit is the size of the bill that the UK has to pay before leaving the EU. The two parties are currently €40 billion ($46.7 billion) apart.

Published   |  Photo by Reuters/Francois Lenoir
An official carries a Union Jack flag ahead of a news conference by Britain's Secretary of State for Exiting the European Union Davis and EU's chief Brexit negotiator Barnier in Brussels
€40 billion

As an EU member, the UK agreed to contribute to the budget (€20 billion) and to contribute to officials’ pension costs (€10 billion), plus smaller fees that could reach €35 billion.

An official carries a Union Jack flag ahead of a news conference by Britain's Secretary of State for Exiting the European Union Davis and EU's chief Brexit negotiator Barnier in Brussels
€40 billion

The EU expects to receive some €60 billion. But so far, the UK has countered with €20 billion, and wants extended access to the EU common market.

An official carries a Union Jack flag ahead of a news conference by Britain's Secretary of State for Exiting the European Union Davis and EU's chief Brexit negotiator Barnier in Brussels
€40 billion

Though the UK seemed to be willing to spend more on Friday (Nov. 10), the latest round of talks with the EU ended without bridging the gap.

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