Home / Business / Brexit preparations cost UK 4.4bn: spending watchdog

Brexit preparations cost UK 4.4bn: spending watchdog

Brexit preparations cost UK 4.4bn: spending watchdog

Britain’s departure from the European Union has cost taxpayers more than 4 billion ($5.2 billion, 4.6 billion euros) in extra government costs, the National Audit Office said on Friday.
The government spending watchdog said departments will have spent at least 4.4 billion between the June 2016 referendum on EU membership and March 31 this year.A total of 6.3 billion had been allocated for Brexit preparations, including for the possibility that Britain left the EU without a divorce deal, reports AFP.

Britain — an often reluctant member of the EU — became the first country to leave the bloc after nearly 50 years of membership on January 31.