Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, pursuant to Answer of 26 June 2018 to Question 154781 on Brexit, what steps his Department has taken in order to calculate the value of the dividend arising from the UK leaving the EU.

The UK’s exit from the European Union will mean that we no longer pay an annual membership subscription to the EU. The OBR forecast our future EU contributions at fiscal events and, in March 2018, produced an estimate of our financial settlement with the EU.

On 18 June, the Prime Minister set out an increase in funding for the NHS in England. It will be funded from a combination of sources, including funding we will no longer be sending to the EU and taxpayers contributing a bit more in a fair and balanced way. The Chancellor will set out further details in due course.