UK Govt Reveals True Cost Of EU Membership

The yearly Office of National Statistics "Pink Book" was published on 31st July 2018, which tells us exactly how much the UK gave to the EU in 2017.

 The UK gave the EU £12.6 billion and received an estimated £4.8 billion = an estimated net contribution to the EU of £7.8 billion for 2017.

That would equate to an estimated net contribution of £150 million a week, or £21 million a day.

Overall figures for 2017

UK gross contribution (before applying rebate):  £16.9 billion;  £326 million a week;  £46 million a day

UK Rebate (“Fontainebleau abatement”):  £4.3 billion.

UK gross contribution (after applying rebate):  £12.6 billion; £243 million a week;  £34 million a day

Net: £150 million a week or Net: £21 million a day

Pink Book Link The Pink Book 2018 can be found here: https://www.ons.gov.uk/releases/ukbalanceofpaymentsthepinkbook2018 Look down the list for: "09 Geographical breakdown of the current account, The Pink Book" - Table 9.9 in the excel data

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Martin Banks

Martin Banks

Martin Banks is a highly qualified journalist with many years experience of working within the EU institutions. He is an occasional, and highly valued, contributor to EU today, writing on a wide variety of issues.

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