EU Budget: Contributions

(asked on 27th October 2014) - View Source

Question to the HM Treasury:

To ask Her Majesty’s Government what effect they expect the request from the European Union for a further payment of £1.7 billion to the European Union budget will have on the Autumn Statement and the 2015 United Kingdom budget; and whether, if paid, it will be financed from additional taxation or by further borrowing.


Answered by
Lord Deighton Portrait
Lord Deighton
This question was answered on 10th November 2014

The Government adopts the independent Office for Budget Responsibility’s (OBR) fiscal and economic forecasts as the official forecasts for the Budget and Autumn Statement Report.

The Prime Minister, in his statement to the House of Commons on 27 October, was clear that Britain will not pay the amount requested on 1 December and will challenge this in every way possible.

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