London — Britain did not recognise reports in the media that the government was willing to pay €40bn to leave the EU, Prime Minister Theresa May’s spokesman said on Monday. The "exit bill" is one of the most contentious issues on the Brexit negotiating agenda. The EU has floated a figure of €60bn, while Britain has not indicated how much it would be prepared to pay. Britain would be willing to pay up to €40bn, the Sunday Telegraph reported, citing unnamed sources familiar with Britain’s negotiating strategy. "In terms of this figure, I don’t recognise it," May’s spokesman said. "The prime minister made clear in the letter triggering article 50 [the EU exit process] that the UK and the EU need to discuss a fair settlement of both our rights and obligations as an EU member state." Britain has less than two years to negotiate the terms of its exit from the EU — an unprecedented untangling of more than 40 years of legal, economic and political ties. The spokesman would not be drawn into...

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