Why a €45bn EU divorce bill is still a bargain for UK

UK prime minister Theresa May has provisionally agreed to pay about £40bn (€45bn) as part of the country’s exit from the EU, writes Fergal O'Brien.

UK prime minister Theresa May has provisionally agreed to pay about £40bn (€45bn) as part of the country’s exit from the EU, writes Fergal O'Brien.

Some people in Britain are up in arms about the tab, but analysis by Bloomberg Economics shows it’s a price worth accepting if it helps the UK win favour with EU negotiators and secure a trade deal that’s beneficial to the economy.