UK Official Does 'Not Recognize' News That Brexit Divorce Deal Reached - Reports

A UK government official, who declined to be named, has expressed doubts about the credibility of a newspaper report that Britain and the EU agreed on a financial settlement with the UK paying between 45 billion and 55 billion euros, Reuters reported.

READ MORE: UK Not Planning to Make Big Payments to EU as Part of Withdrawal

The rebuttal followed the report by the Daily Telegraph newspaper which said that unidentified sources on both sides had confirmed the terms of the so-called divorce bill agreement were approved and the final bill, though left open to interpretation, will be between 45 and 55 billion euros.

The news comes amid the intensified pressure on the British government as the EU leaders fear that London risks missing the December deadline.

READ MORE: $53Bln Brexit Divorce Bill: Big EU Agencies Moving Could Cause 'Magnetic Effect'

Last week May met with European Council President Donald Tusk in a bid to gain approval for a divorce bill which may now include an additional £20 billion ($26 billion) from the British government.

In late March, the United Kingdom officially launched the process of withdrawal from the European Union. The negotiations between London and Brussels, which started on June 19, have been stalled as Brussels has refused to move to the next stage of Brexit talks, including discussing trade and transition agreements, until progress is made on the so-called "divorce bill", the issue of the EU and UK citizens rights after Brexit and the Northern Ireland border.