Brexit Costs Nearly Match UK's Total EU Contributions

In the not too distant future, Brexit is set to cost more than all of the UK's payments to the EU's budget over the past 47 years. A Bloomberg Economics analysis covered by Business Insider found that that economic losses due to the UK decision to leave the EU have already reached £130 billion, a figure that's expected to climb to £203 billion by the end of this year.

Since 1973, total UK payments to the EU's budgets amounted to £215 billion when adjusted for inflation according to figures from the House of Commons Library. The scale of those payments were central to the Leave campaign's case for Brexit and it now looks like the divorce bill itself is going to be significantly higher than those 47 years of financial contributions.