UK will not pay €100 bn EU exit Bill: Minister

Britain will not be paying 100 billion euros to leave the European Union (EU), Brexit minister David Davis said on Wednesday after the Financial Times reported that the EU was preparing to demand that amount.

Citing its own analysis of new stricter demands it said were driven by France and Germany, the newspaper said 100 billion euros was a gross figure. “We'll not be paying 100 billion. What we've got to do is discuss in detail what the rights and obligations are,” Davis told British channel ITV .

He also said that the British government had not seen a figure from the EU for the exit Bill.

The

FT said that after requests from member states, EU negotiators had revised their initial calculations to maximise the liabilities Britain would be asked to cover, including post-Brexit farm payments and EU administration fees in 2019 and 2020.

'Want generous deal for EU residents post-Brexit'

Britain's intention in negotiations over the post-Brexit status of EU nationals already living in the United Kingdom is to give them very similar rights to those they enjoy now, David Davis said.

Davis said it was important to quickly resolve the issue of what would happen to EU nationals living in Britain and to Britons living in other EU countries after the United Kingdom exits the bloc in 2019 because uncertainty was causing those people anxiety. “It is the intention that they will have a generous settlement, pretty much exactly what they enjoy now, and our British citizens abroad will do the same,” Davis said during an interview on BBC radio .