Brussels to hit UK with £50 BILLION bill when Theresa May triggers Article 50 next year

BRITAIN will be handed a £50 billion Brexit bill by the Brussels club when Theresa May triggers Article 50, it emerged last night.

Brussels chief negotiator Michel Barnier has told colleagues that the UK must keep paying “tens of billions” annually into the European budget until 2020.

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Britain’s bill would include the country’s share of outstanding pensions liabilities, loan guarantees and spending on UK-based projects.

The demands made as the Prime Minister was snubbed from a dinner at an EU summit were scoffed at by senior Tories.

Others claimed they were simply Brussels Bureaucrats’ opening position in an attempted negotiation.

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Brexiteer and former work and pensions secretary Iain Duncan Smith branded the figure a “dreadful joke.”

Instead he said the true figure would be “peanuts.”

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When asked if Britain can expect a bill worth tens of billions Europe minister for the Czech Replublic, Tomas Prouza, said: “Definitely. This is what the UK has already committed to pay, and we would expect that the UK would honour its commitments – it will be one of the first issues coming up on the table.”