UK to be charged £50 bn as EU 'divorce settlement'
The UK will have to pay £50 billion (around ₹4.23 lakh crore) after triggering Article 50 to exit the EU, one of EU's chief Brexit negotiators, Michel Barnier said. The bill reportedly represents Britain's share of long-term liabilities such as pensions. However, UK PM Theresa May's spokesperson has dismissed the proposal saying such long-term liabilities do not exist.