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1. UK net transfer to the EU?
The Commons Library worked out the net cash transfer was £8.9Bn in 2018 (see below).
But this was just public sector receipts: it didn't include UK universities and private sector ( another £1 to 2Bn ).
OK: net £7.9Bn then?
Not quite....
The Commons Library worked out the net cash transfer was £8.9Bn in 2018 (see below).
But this was just public sector receipts: it didn't include UK universities and private sector ( another £1 to 2Bn ).
OK: net £7.9Bn then?
Not quite....
2. The EU sends cash to the MS's AND PROVIDES SERVICES for them.
See EU accounts https://ec.europa.eu/budget/graphs/revenue_expediture.html
In 2018 MS's recieved €130Bn in cash AND €26.236Bn in services in kind.
UK pop = 13% of EU
13% of €26Bn = €3.4Bn = £3.1 Bn
OK: net £4.8Bn then?
Not quite....
See EU accounts https://ec.europa.eu/budget/graphs/revenue_expediture.html
In 2018 MS's recieved €130Bn in cash AND €26.236Bn in services in kind.
UK pop = 13% of EU
13% of €26Bn = €3.4Bn = £3.1 Bn
OK: net £4.8Bn then?
Not quite....
3. The EU funds decentralised regulatory agencies throughout the EU.
After Brexit these must be replicated in the UK on a standalone basis.
Cost of decentralised agencies in 2018: €1.231Bn = £1.1Bn
OK: Net £3.7 Bn then?
Not quite...
After Brexit these must be replicated in the UK on a standalone basis.
Cost of decentralised agencies in 2018: €1.231Bn = £1.1Bn
OK: Net £3.7 Bn then?
Not quite...
4. Currently some of our EU transfer covers 13% of the cost of a satellite system. The Government is proposing to pay 100% of the cost of a satellite system.
Cost of implementation of EGNOS and GALILEO in 2018: €963.7M =£0.88Bn
OK: Net £2.8Bn then?
Cost of implementation of EGNOS and GALILEO in 2018: €963.7M =£0.88Bn
OK: Net £2.8Bn then?
5. The 2015 International Development Act requires that the UK spend 0.7% of GDP on overseas aid (around £14Bn). Around £550M per year of our payments to the EU counts against this target. After Brexit, the difference will have to be made up.
OK: Net £2.3 Bn then?
Not quite...
OK: Net £2.3 Bn then?
Not quite...
6. In 2018 UK farmers received €3.6Bn from the EU.
30% of UK food came from the EU. (Equal to half total UK production)
Those EU imports contain a subsidy of €1.8Bn; effectively a £1.6Bn transfer to UK.
OK: Net £0.7Bn then?
Yup: £14M/week. Put that on a bus. 3p/day
Ends
30% of UK food came from the EU. (Equal to half total UK production)
Those EU imports contain a subsidy of €1.8Bn; effectively a £1.6Bn transfer to UK.
OK: Net £0.7Bn then?
Yup: £14M/week. Put that on a bus. 3p/day
Ends
Bugger!
I forgot the cost of 5,000 extra Customs officers needed after Brexit!
https://www.euractiv.com/section/uk-europe/news/customs-officers-huge-increase-in-capacity-needed-to-prepare-for-brexit/
That's another £0.3Bn
Ends (really)
I forgot the cost of 5,000 extra Customs officers needed after Brexit!
https://www.euractiv.com/section/uk-europe/news/customs-officers-huge-increase-in-capacity-needed-to-prepare-for-brexit/
That's another £0.3Bn
Ends (really)
It turns out there's more!
190,000 UK pensioners live in the EU.
They receive £0.5Bn healthcare each year, which gets billed back to the NHS.
The Nuffield trust have calculated that this healthcare would cost £1Bn a year if carried out in the UK.
So: final answer: MINUS £0.1Bn
190,000 UK pensioners live in the EU.
They receive £0.5Bn healthcare each year, which gets billed back to the NHS.
The Nuffield trust have calculated that this healthcare would cost £1Bn a year if carried out in the UK.
So: final answer: MINUS £0.1Bn
