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Brexit Divorce Bill Could Soar to £42.5 Billion as Treasury Boosts Estimate

EU Parliament Clears Way for U.K. Departure
Photographer: Geert Vanden Wijngaert/Bloomberg

The UK's Brexit divorce bill could soar to £42.5 billion after the Treasury increased its estimate of the payments owed to the European Union by more than £5 billion.

Simon Clarke, the Chief Secretary to the Treasury, blamed rising interest rates affecting EU pension obligations for the increasing cost on Thursday.