EU Budget

(asked on 18th October 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what the estimated net UK financial contribution to the EU will be in 2018-19.


Answered by
Elizabeth Truss Portrait
Elizabeth Truss
This question was answered on 24th October 2017

The Office for Budget Responsibility’s March 2017 forecast for the UK’s gross contribution in 2018-19 was £16.0 billion. They will update the forecast in November 2017. The Office for Budget Responsibility does not provide a forecast for net UK contributions to EU budgets; they do provide a forecast of funds to be received by UK government bodies to administer (£5.6bn in 2018-19 in the March 2017 forecast) although this does not include receipts directly received by the private sector from the EU.

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