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U.K. Faces 60 Billion-Euro Brexit Bill, Austrian Leader Says

  • Kern becomes first leader to name the size of U.K.’s exit bill
  • In interview, says British tax-haven threat is a ‘provocation’
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Austria's Kern Says Brexit Will Be Costly for U.K.

Britain should be charged about 60 billion euros ($63 billion) when it leaves the European Union, Austrian Chancellor Christian Kern said, becoming the first EU leader to put a value on the size of the U.K.’s Brexit bill.

While similar estimates have been circulating for months, Kern cited the sum as an EU calculation that will be presented to the U.K. government once Prime Minister Theresa May triggers Britain’s exit from the 28-nation bloc.