In June, it was six years since a referendum in the UK gave the “green light” to a divorce between London and Brussels, but the calculations are still not “correct”. This year alone, the UK is expected to send 9.4 billion pounds (about 10.8 billion euros) to the European Union.
According to the “London Economic” website, this figure is 3 billion pounds (about 3.4 billion euros) more than the British government calculated, and the “blame” is the currency devaluation.
Since the Brexit vote took place in 2016, the pound’s exchange rate against other currencies has fallen significantly. Taking into account that payments are made in European currency, there was an increase in payments due to this exchange rate.
The publication also notes that in addition to this year’s payments, there is still more to be paid by the UK, with £26.6 billion (about €30.8 billion) left. If the exchange rate movement maintains the same direction, the total value will also continue to grow.
The UK Treasury expects the final bill for payments to be in the range of £35 billion to £39 billion (about €40-45 billion), but the European Commission has raised the forecast to £41 billion (about €47 billion).
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
