February 22, 2017 8:35 AM

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European Commission President Jean-Claude Juncker warns UK it faces hefty bill for Brexit

European Commission President Jean-Claude Juncker has warned the UK it faces a very hefty bill for Brexit. He promised two years of tough negotiation, when discussions on leaving terms get under way between the government and the European Union. He said in a speech to the Belgian Federal Parliament, exit will not come at a discount or at zero cost. <br/><br/>Reports suggested the UK could have to pay the EU up to 60 billion euros after Brexit talks start. Mr Juncker's comments came as the House of Lords held a second day of discussion of the government's European Union (Notification of Withdrawal) Bill, which, if passed into law, will allow Prime Minister Theresa May to trigger Article 50 of the Lisbon Treaty, allowing formal talks with the EU to start. She is hoping to do this before the end of March, with EU negotiations expected to take up to two years.<br/><br/>Discussions are taking place in Brussels on the size of the bill to be presented to Mrs May when she launches the talks. The amount will cover the UK's share of the cost of projects and programmes it signed up to as a member, as well as pensions for EU officials.

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