A spokesman for Prime Minister Theresa May has confirmed Britain's final 'divorce bill' payment will be between £35 billion and £39 billion.
This follows the deal agreeed by May and European Commission President Jean-Claude Juncker today.
Speculation had previously suggested that the final financial settlement could be a far higher sum, even approaching £50 billion. However Government sources had hinted this morning that this speculation was unfounded.
Nonetheless the final settlement figure is likely to prompt criticism from both Leavers, who say Britain has no legal obligation to pay anything, and Remainers who suggest this payment gives the lie to pledges made by the pro-Brexit campaign during last year's referendum campaign.
Foreign Secretary Boris Johnson has attracted widespreasd ridicule for saying Brexit would free up £350 billion for the NHS, and critics suggest there is no way Britain can afford such a financial injection given the exigencies of the financial settlement with Brussels.