Davis dismisses UK's £50bn Brexit divorce bill as 'nonsense'

Reacting to Sunday Times report

Reports that the UK will pay the European Union up to £50bn as part of the agreement to leave the bloc have been dismissed by Brexit secretary David Davis as "nonsense".

The Sunday Times first reported that Prime Minister Theresa May is preparing proposals, set to be released after the Conservative party conference in October, which would see the UK make payments of between £7bn and £17bn a year to Brussels for three years after Brexit. Sterling falls to eight-week low as uncertain economic outlook weighs However, speaking on the BBC's Andrew Marr Show on Sunday, Davis said The Times' story was "nonsense" and "completely wrong", and also talked down the prospect of trade talks with the EU beginning in October. The schedule agreed by UK and EU Brexi...