The United Kingdom could end up paying up to £50 BILLION for the Brexit divorce bill because the government has underestimated the costs of leaving according to a group of powerful MP’s.

According to The Public Accounts Committee (PAC) the Treasury’s previous estimates of ‘£35bn to £39bn’ failed to take into account an additional £10bn of costs to the government, including £3bn towards the European Development Fund, which provides overseas aid.

A Treasury spokesperson said: “As made clear by the prime minister last year, we will honour the commitments we made during the period of our membership of the EU.

We have negotiated a settlement that is fair to UK taxpayers and ensures we will not pay for any additional EU spending beyond what we signed up to as a member. The National Audit Office confirmed in April that our estimated figure is a reasonable calculation. Now we are discussing what our future relationship looks like.”

Meg Hillier, Labour PAC chair, said: “The true cost of Brexit is a matter of outstanding public interest. The government must provide parliament and the public with clear and unambiguous information.

Government’s narrow estimate of the so-called divorce bill does not meet this description. It omits at least £10bn of anticipated costs associated with EU withdrawal and remains subject to many uncertainties. Given these uncertainties, it is critical that parliament and the taxpayer are kept informed as agreements are reached and new information becomes available. A parliamentary vote on EU withdrawal will only be truly meaningful if this information is disclosed in a timely fashion.”

The committee  sensationally claimed  that taxpayers could be continue to be paying into EU coffers until 2064! Many have said on social media they are utterly disgusted with the Government’s capitualtion on this matter and it looks more and more likely we will have the softest Brexit possible or even no Brexit at all!

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