Britain is prepared to pay up to 40 billion euros ($47 billion) as part of a deal to leave the European Union, the Sunday Telegraph newspaper reported, citing three unnamed sources familiar with Britain’s negotiating strategy.
The EU has floated a figure of 60 billion euros and wants significant progress on settling Britain’s liabilities before talks start on issues such as future trading arrangements.
The government department responsible for Brexit talks declined to comment on the article. So far, Britain has given no official indication of how much it would be willing to pay.
The newspaper said British officials were likely to offer to pay 10 billion euros a year for three years after leaving the EU in March 2019, then finalize the total alongside detailed trade talks.
Payments would only be made as part of a deal that included a trade agreement, the newspaper added.
“We know (the EU’s) position