British and European negotiators have reportedly reached an “agreement-in-principle” over the amount that the UK has pay the EU as it leaves the bloc.
The tentative figure ranges from €45 billion ($53 billion) to €55 billion ($65 billion), according to the Telegraph, citing sources on both sides of the negotiation.
The bill is one of the three urgent issues, along with the Irish border and the rights of EU citizens who remain in the UK, which need to be settled in the first phase of negotiations.
The number, reached after intense discussions in Brussels, lies closer to the €60 billion that the EU wanted to receive than to the €20 billion that the UK was initially willing to pay.
If confirmed, the agreement is a much-needed breakthrough in the negotiations—just in time for a meeting between UK prime minister Theresa May and European Commission president Jean-Claude Juncker.