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Updated: 1:00, 9 Jul 2021 THE EUROPEAN Union has insisted Britain must pay £40.8billion as part of its post-Brexit financial settlement. The sum is nearly £2billion higher than expected and part of the money needs to be paid within six months. 4 4 Ursula von der Leyen and Boris Johnson met at the G7 summit in Cornwall last monthCredit: AFP The EU’s consolidated budget report for 2020 said that the money is owed under a series of articles which both sides agreed to as part of the Brexit withdrawal agreement. The UK Treasure, however, insisted the Brexit divorce settlement remained within its previous central range of £35billion (€40.74billion) to £39billion (€45.40billion), according to the Financial Times.

United kingdomBruxelles capitaleNorthern irelandCity ofThierry bretonAlamy ursulaBoris johnsonUnited kingdom office for budget responsibilityEuropean unionUnited kingdom treasureBudget responsibilityJoao vale de almeidaஒன்றுபட்டது கிஂக்டம்ப்ரூக்ஸெல்ஸ் தலைநகரம்வடக்கு ஐயர்ல்யாஂட்நகரம் ஆஃப்