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Britain agrees to liabilities worth €100bn but will aim to pay less than half - Financial Times

"Britain has bowed to EU demands and agreed to fully honour its financial commitments as identified by Brussels, removing one of the biggest obstacles to a Brexit divorce settlement," the Financial Times wrote in a recent article.

Key quotes

According to several diplomats familiar with the talks, the UK would assume EU liabilities worth up to €100bn although net payments, discharged over many decades, could fall to less than half that amount.

Prime minister Theresa May is expected to formally present the breakthrough offer next week as part of package deal if agreement can be reached on the other issues of citizen rights and the contentious question of the border between Northern Ireland and the Republic.

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S.Korean Military: N.Korea fired 1 ballistic missile from South Pyongan Province

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