Politics: The UK government says it will pay a £39 billion Brexit divorce bill

Downing Street confirmed the size of the financial settlement on Friday morning.

LONDON — Britain is set to pay a Brexit divorce bill of up to £39 billion.

The financial settlement Britain will pay to the EU as part of its exit will be between 35 and 39 billion pounds, a spokesperson for Downing Street confirmed on Friday morning.

This follows British and EU negotiators reaching an agreement on the first phase of Brexit negotiations after overnight talks between Theresa May, European Commission President Jean-Claude Juncker, the DUP and Irish government.

May concedes to EU over Brexit bill

Earlier this year, Foreign Secretary Boris Johnson described reports of an exit payment of around £40 billion as "extortionate" and said the EU should "go whistle."

In September Brexit Secretary David Davis sought to calm Brexiteers in his party by describing reports of a Brexit bill being as large as £40 billion as "made up."

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Downing Street confirmed the size of the financial settlement on Friday morning. Read Full Story