Soaring EU pensions could add £10bn to Brexit bill, accounts reveal
Britain is under pressure to add £10 billion to its Brexit bill to cover the soaring pensions of retired EU civil servants, new accounts have revealed.
European Union figures published this week show that the cost of pensions liabilities rose by 5.4 per cent last year to a total of £59bn (€67bn). The overall budget liabilities the UK is expected to pay a share of – as part of the financial settlement – has also risen from €226bn to €234bn.
Earlier this week Michel Barnier, the EU’s chief Brexit negotiator, said he would not discuss a transitional deal with the UK unless a commitment to cover budget liabilities, including pensions, was made.
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