European Union: Finance

(asked on 1st July 2021) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government how much the UK has paid to the EU since the 2016 referendum; how much they anticipate the UK will pay to the EU in the future; and for what purposes.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 15th July 2021

The Government publishes a summary of the UK’s financial relationship with the European Union in an annual report to Parliament by HM Treasury. The latest edition of the European Union Finances Statement has been laid before Parliament today, covering the calendar year 2020 as well as certain information for previous years. A copy is available in the Library of the House. The Statement reports the UK’s contributions to the EU Budget and public-sector receipts from the EU, in addition to receipts which flow directly to the private sector without being included in Government accounts. The EU Finances Statement provides the most complete analysis of the UK’s financial relationship with the EU.

The European Union Finances Statement also includes an annex on the impact of EU Withdrawal, which provides an updated estimate of the total value of the financial settlement. The Statement explains all components of the outstanding net liability and provides an extended description of the assurance arrangements which will ensure the UK pays only what it owes under the Withdrawal Agreement.

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