EU Budget

(asked on 11th September 2018) - View Source

Question to the HM Treasury:

What steps he is taking to reduce the total net annual financial outflow from the UK to the EU; and if he will make a statement.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 11th September 2018

The UK and the EU reached an agreement in principle, in December 2017, on the financial settlement for the UK’s withdrawal from the EU. This was set out in the Joint Report on progress during Phase 1 of the negotiations. These principles will become legally binding through a Withdrawal Agreement as set out in the Government’s White Paper on legislating for the Withdrawal Agreement, published in July this year.

Post-exit, decisions on spending will be made based on domestic priorities, considering the economic environment, the fiscal position and the negotiated outcome.

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