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rdf:type	schema:ClaimReview
http://data.cimple...lizedReviewRating	credible
schema:url	http://fullfact.org/europe/brexit-divorce-bill-2064/
schema:text	What was claimed The UK will be paying the Brexit divorce bill until 2064. Our verdict Correct. The majority of these payments will be made by 2021. The UK will be paying the Brexit divorce bill until 2064. Correct. The majority of these payments will be made by 2021. “We are going to be paying until 2064, apparently” David Dimbleby, 15 March 2018 This is correct, according to estimates released this week about the Brexit “divorce bill” from the Office for Budget Responsibility (OBR). The joint statement from the UK and EU published in December—at the end of phase one of the Brexit negotiations—set out the details of the Brexit bill the UK will have to pay. Until 2020 the UK will continue contributing the the EU budget “as if it had remained in the Union”. After that it will continue paying towards any commitments it has or outstanding liabilities (for example pensions). Based on this agreement the OBR estimates that the final cost of the Brexit bill will be around £37 billion in total. Around 45% or £16 billion will be paid in the first two years—this will be the contribution to the EU’s budget. About half will be due between 2021 and 2028—£18 billion—in outstanding payments. The remaining 7%—£2.5 billion—will be due between 2019 and 2064. This will cover any outstanding liabilities. We’ve written more about the Brexit “divorce bill” and previous estimates for how much this might cost here. Full Fact fights for good, reliable information in the media, online, and in politics.
schema:mentions	Brexit divorce bill Budget of the European Union Brexit European Union United Kingdom United States Full Fact dbpedia:David_Dimbleby dbpedia:Office_for_Budget_Responsibility
schema:reviewRating	Correct. The majority of these payments will be made by 2021.
schema:author	full-fact
schema:datePublished	2018-03-16 (xsd:date)
schema:inLanguage	English
schema:itemReviewed	http://data.cimple.eu/claim/934d9c97286cf9224723d87861d41c51ead31d4b8cd83f78ec40b23e

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