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Department for Exiting the European Union written question – answered on 26th October 2018.

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Photo of Kate Hollern Kate Hollern Shadow Minister (Housing, Communities and Local Government)

To ask the Secretary of State for Exiting the European Union, what estimate he has made amount of money the UK will pay to the EU during the transition period between the UK leaving the EU at the agreement of a trading relationship between the UK and EU.

Photo of Suella Braverman Suella Braverman The Parliamentary Under-Secretary of State for Exiting the European Union

We have agreed a fair financial settlement with the EU as part of the draft Withdrawal Agreement. It reflects the UK paying its share of the outstanding EU commitments made during the period of our membership. Our estimate, based on reasonable assumptions and publicly available data, is that it will fall within the range of £35-39bn and the National Audit Office confirmed in April 2018 that these assumptions were reasonable.

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