
Leave campaigners say we would have faced the second highest liability for a recovery fund for coronavirus-hit nations.
And that is twice the size of our divorce bill.
Former Brexit minister David Jones said: “We really have had the most incredible lucky escape. Had we stayed in the EU or agreed to a longer transition period we would have been on the hook for a potentially catastrophic sum.
“It’s extremely good we left when we did.”
The potential cost of extending the transition period would have been nearly twice that of Chancellor Rishi Sunak’s £30billion job protection scheme.
It was calculated by the Centre for Brexit policy think tank.