EU Budget: Contributions

(asked on 12th November 2018) - View Source

Question to the Department for Exiting the European Union :

To ask Her Majesty's Government how much they anticipate the UK's financial settlement with the EU will be as a result of Brexit; and whether they will publish details of the basis for that figure.


Answered by
Lord Callanan Portrait
Lord Callanan
Shadow Minister (Foreign, Commonwealth and Development Office)
This question was answered on 20th November 2018

We have agreed a fair financial settlement with the EU as part of the draft Withdrawal Agreement. Our estimate, based on reasonable assumptions and publically available data, falls within the range of £35bn-£39bn, and the National Audit Office confirmed in April 2018 that these assumptions were reasonable. Details of the basis on which that figure was reached can be found in the EU-UK Joint Report, published on December 8th, 2017. The Chancellor of the Exchequer provided further details to the Treasury Select Committee in January 2018.

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