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'I believe it will happen for the simple reason that it is in everyone's interests it happens.' Mr Hammond said he hoped the transition agreement and divorce treaty would be well supported both in Westminster and the European Parliament.Asked about money spent so far on contingency planning, Mr Hammond told the committee: 'To date, we have spent about £700 million.'The £3 billion was for 2018//20 and I expect to announce shortly the allocation of funding for the 2018/19 share of that amount.'It's being spent on ensuring that we are prepared for a full range of outcomes.She will move out of her university-funded home for her sabbatical and formally retire in February 2019 in a deal agreed by the council of trustees.The higher education funding watchdog HEFCE has previously criticised Bath over its handling of complaints over her pay.As she will take her full salary until retiring, this means she will pocket £234,000 after stepping down from her official duties.The vice chancellor – who earns three times more than the Prime Minister – was accused of ‘milking’ the University of Bath by ex-Labour education minister Lord Adonis.

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Dame Glynis will also have a £31,489 car loan written off by the university she has headed for 17 years.

She lives in a £2million grace-and-favour townhouse and last year claimed £20,000 in expenses.

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