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UK willing to pay 20 billion euros for Brexit transition for single market access: BBC

  • The U.K. is reportedly willing to pay 20 billion euros ($24 billion) to the European Union to retain single market access
  • BBC Journalist Laura Kuenssberg cited a government source, and said the eventual total bill for leaving the bloc could be far higher
Thousands of people take to the streets in a series of 'March for Europe' rallies in protest against the referendum vote to leave the EU
Kate Green | Anadolu Agency | Getty Image
Thousands of people take to the streets in a series of 'March for Europe' rallies in protest against the referendum vote to leave the EU

Prime Minister Theresa May will say on Friday Britain is willing to pay 20 billion euros ($24 billion) to the European Union during a post-Brexit transition period, but only if it has access to the bloc's single market, the BBC's political editor reported.

May, who is weakened after losing her party's majority in a June election, is due to make a speech in Italy setting out her vision for future ties with the Earlier on Thursday she briefed her top ministers on the speech.

"UK willing to pay 20 billion euros during transition period but only if we have access to single market and some form of customs union," Laura Kuenssberg said on Twitter, citing a government source.

She added that this would not cover long term liabilities, so the eventual total bill for leaving the bloc could be far higher.