UK is expected to fully meet its obligations 2014-2020
The UK is expected to fully meet its obligations within the current 2014-2020
MFF, including a post-Brexit transitory period foreseen between March 2019
and end-2020. After that, there are pending long-term commitments still to be
settled as part of the “divorce bill” and the UK might even continue to pay into
the EU budget under a new agreement (e.g. As a non-EU EEA-member like
Norway or through a bilateral agreement such as between the EU and
Switzerland).
However, these payment can be expected to be much smaller than the UK’s
current contribution to the EU’s budget of around EUR 15 bn annually.
This makes the UK the EU’s second largest net contributor at around EUR 7.5
bn per year (national contributions minus total expenditures) after Germany at
around EUR 14 bn. If one adds to this bill the EU’s own resources (mainly
customs duties) channelled through the UK, the potential budget gap to be
addressed post-Brexit sums up to between EUR 10 and 11 bn per year6.
EU Forecast
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