Welcome to EFT politics, the Financial Times's podcast on all things British politics.

I'm Sebastian Payne and in this week's episode we'll be

discussing the settlement of the UK's Brexit bill and Jeremy Corbyn's full-frontal

attack on bankers. I'm delighted to be joined by our political editor George Parker, Brussels Bureau Chief Alex Barker, Chief

Economics Commentator Martin Wolf, and Political Commentator Miranda Green.

Thank you all for joining.

So the big Brexit news this week was about the bill.

After a lot of months of towing and throwing and haggling between the UK and EU negotiators,

the British side essentially accepted what was clear last summer that it was going to have to pay to get an exit deal

Assuming liabilities of some hundred billion euros the final net sum is going to be in the region of 45 to 55 billion euros. It's quite a bitter

pill for you as skeptics to swallow but do they really have any choice? Alex Barker

let's begin on this topic of the bill because when negotiations formally opened back in June

Michelle Barnier made it quite clear that unless the UK was willing to meet its past

and future liabilities assumed under membership then no kind of divorce deal was going to be on the table.

And since then we've had backwards and forwards with the Florence speech and rumors from the UK

government, but essentially we've accepted what was clear six months ago.

Yeah I mean more than six months ago I mean I think the end the end of last year about a year

ago they kind of set out what they were expecting the member states then even bid up the Commission to say no it's

not just you know liabilities that Britain signed on to as a member it's going to be

the full long-term budget that it's signed off right up to 2020 everything in there we want

them to cover and what we've seen in the last week or so was the UK say okay so keen to get

on to trade now we're going to cover all of that, we'll expect

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