EU Budget: Contributions

(asked on 14th May 2019) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what the contribution has been from the public purse to the EU since 29 March 2019.


Answered by
Elizabeth Truss Portrait
Elizabeth Truss
This question was answered on 22nd May 2019

The extension of Article 50 to 31 October 2019 will affect the size of the financial settlement because contributions to the EU that would have formed part of the settlement will be made while the UK remains a Member State, which reduces the size of the settlement. The UK will make further contributions in 2019 as a Member State until our exit, but there will be an equal reduction in contributions in 2019 under the financial settlement. The net effect on EU contributions is zero.

The Office for Budget Responsibility (OBR) estimated in its March 2019 Economic and Fiscal Outlook (EFO) that the UK’s net (public sector receipts) contribution to the EU over 2019/20 would be £11bn.

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