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When article 50 of the Treaty of Lisbon is triggered the process of leaving the EU will begin. The first matter to resolve is UK’s financial liabilities that could amount to 60 bn euros. These consist of the UK’s contribution to the 2104-2020 budget, commitments to common policies, future commitments including pension contributions.
The position of the 27 member states on the exact amount to be paid and when has yet to be settled. (FT February 25, 2017)