An anti-Brexit demonstrator waves the Union Jack in March 2018 while draped in an EU flag outside the Houses of Parliament in London. AFP
An anti-Brexit demonstrator waves the Union Jack in March 2018 while draped in an EU flag outside the Houses of Parliament in London. AFP
An anti-Brexit demonstrator waves the Union Jack in March 2018 while draped in an EU flag outside the Houses of Parliament in London. AFP
An anti-Brexit demonstrator waves the Union Jack in March 2018 while draped in an EU flag outside the Houses of Parliament in London. AFP

UK 'liable to pay €47.5bn' to EU in post-Brexit settlement


Soraya Ebrahimi
  • English
  • Arabic

The UK is liable to pay €47.5 billion ($56.27bn) to the EU as part of its post-Brexit financial settlement, the bloc's consolidated budget report for 2020 says.

The report says the money is owed under articles to which both sides agreed as part of the Brexit withdrawal agreement. The figure was reported earlier on Thursday by RTE News.

The total is significantly higher than expected. The UK's Office for Budget Responsibility predicted in its March 2018 economic and fiscal outlook report that the bill would be €41.4bn.

An initial amount of €6.8bn is due for payment in 2021, the EU's budget report said, with the rest to be paid later.

A trade and co-operation deal between the UK and EU was struck in December after more than four years of bitter negotiations and mistrust, as Britain ended 47 years of EU membership.

On Tuesday, the EU urged London to consider a Swiss-style free-trade agreement with Brussels on agricultural food to end a post-Brexit "sausage war" over some goods moving between Britain and its province of Northern Ireland.

Tension has increased over trade arrangements for Northern Ireland, particularly for chilled meat, because the province's open border with EU member Ireland is Britain's only land frontier with the EU.

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UAE currency: the story behind the money in your pockets
Francesco Totti's bio

Born September 27, 1976

Position Attacking midifelder

Clubs played for (1) - Roma

Total seasons 24

First season 1992/93

Last season 2016/17

Appearances 786

Goals 307

Titles (5) - Serie A 1; Italian Cup 2; Italian Supercup 2

Series result

1st ODI Zimbabwe won by 6 wickets

2nd ODI Sri Lanka won by 7 wickets

3rd ODI Sri Lanka won by 8 wickets

4th ODI Zimbabwe won by 4 wickets

5th ODI Zimbabwe won by 3 wickets

Super Saturday results

4pm: Mahab Al Shimaal Group 3 | US$350,000 | (Dirt) | 1,200m
Winner: Drafted, Pat Dobbs (jockey), Doug Watson (trainer).

4.35pm: Al Bastakiya Listed | $300,000 | (D) | 1,900m
Winner: Divine Image, Brett Doyle, Charlie Appleby.

5.10pm: Nad Al Sheba Turf Group 3 | $350,000 | (Turf) | 1,200m
Winner: Blue Point, William Buick, Charlie Appleby.

5.45pm: Burj Nahaar Group 3 | $350,000 | (D) | 1,600m
Winner: Muntazah, Jim Crowley, Doug Watson.

6.20pm: Dubai City of Gold Group 2 | $300,000 | (T) | 2,410m
Winner: Old Persian, William Buick, Charlie Appleby.

6.55pm: Al Maktoum Challenge Round 3 Group 1 | $600,000 | (D) | 2,000m
Winner: Capezzano, Mickael Barzalona, Salem bin Ghadayer.

7.30pm: Jebel Hatta Group 1 | $400,000 | (T) | 1,800m
Winner: Dream Castle, Christophe Soumillon, Saeed bin Suroor.

ELIO

Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett

Directors: Madeline Sharafian, Domee Shi, Adrian Molina

Rating: 4/5

What is tokenisation?

Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets. 

if you go

The flights
Emirates flies to Delhi with fares starting from around Dh760 return, while Etihad fares cost about Dh783 return. From Delhi, there are connecting flights to Lucknow. 
Where to stay
It is advisable to stay in Lucknow and make a day trip to Kannauj. A stay at the Lebua Lucknow hotel, a traditional Lucknowi mansion, is recommended. Prices start from Dh300 per night (excluding taxes). 

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

Super 30

Produced: Sajid Nadiadwala and Phantom Productions
Directed: Vikas Bahl
Cast: Hrithik Roshan, Pankaj Tripathi, Aditya Srivastav, Mrinal Thakur
Rating: 3.5 /5

UAE currency: the story behind the money in your pockets

Small Victories: The True Story of Faith No More by Adrian Harte
Jawbone Press

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Updated: July 08, 2021, 9:26 PM`