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Brexit's Costs and Whether Britain Will Pay Up: QuickTake Q&A
European Commission President Jean-Claude Juncker said it will be “hefty." British Trade Secretary Liam Fox called the notion of it “absurd.” It’s the bill that the European Union reportedly wants to impose on the U.K. when Prime Minister Theresa May’s government carries out its plan to leave the bloc. The charge, according to European leaders, could be 60 billion to 80 billion euros ($66 billion to $88 billion), which is more than the British defense budget. The topic figures to be one of the early flash points and tone-setters in the Brexit negotiations, ultimately shaping how amicable the breakup is and ... (full story)
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