Brexit could create â¬20 bn gap in EU budget: EU Commissioner
EU's Budget Commissioner GÃ¼nther Oettinger has said that Britain's withdrawal from the bloc could leave a â¬20 billion hole in its budget. While Brexit could cause a gap of up to â¬11 billion a year, it may double owing to an increase in spending on defence and security, he added. Notably, Britain was asked to pay a â¬100-billion Brexit bill.