U.K. and European Union negotiators have reached an outline deal on the divorce bill that Britain will pay when it leaves the bloc, the Telegraph reported, clearing a hurdle in talks and leaving the thorny issue of the Irish border as the last major obstacle.

While European national governments and their envoys in Brussels, speaking anonymously, told Bloomberg an agreement on the bill hasn't yet been sealed, they said discussions are going in the right direction. EU leaders, rather than negotiators, have the final say on whether the offer on the divorce bill is high enough to unblock talks.

The U.K. government said "intensive talks" were ongoing to "build on recent momentum."

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.