After the UK leaves the EU it is expected to make a contribution towards the EU’s outstanding financial ‘commitments’ – spending that was agreed while the UK was a member. The media have labelled this as an ‘exit bill’ or ‘divorce bill’. The EU see it as a matter of ‘settling the accounts’. The issue is officially entitled the ‘single financial settlement’ – or ‘settlement’. The UK Government estimates the settlement to be between £35 billion and £39 billion.