Question to the HM Treasury:

To ask Her Majesty's Government what Sterling to Euro exchange rate they are using to calculate the value of any financial settlement arising from the Brexit negotiations.

The arrangements for withdrawal from the EU, including determining the sterling and euro values of the financial settlement, will be a matter for the withdrawal agreement as part of the Article 50 process. The UK government is committed to working with the EU to determine a fair settlement for Britain’s exit and the best deal for UK taxpayers.