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The U.K. will still be paying for Brexit in 2064, according to official forecasts that put the total bill for leaving the European Union at 37.1 billion pounds ($51.9 billion). The full impact of Brexit on the British economy may never be known, the U.K.’s Office for Budget Responsibility said in a report on Tuesday, but trade growth is likely to slow, while business investment is already being held back. One area where numbers are clearer is the agreement for Britain to pay a “divorce bill” to the EU when it leaves the bloc. According to the OBR’s calculations, this will be 41.4 billion euros, which fits with the government’s previous estimates. While the majority of the cost -- around 7... Full story

13 March