He misses out the rebate though as well as any subsidies/funds that come from the myriad of EU projects.
https://next.ft.com/content/202a60c0...d-09f7778e7377
Quote:
Many Eurosceptics rage against the UK’s annual £18bn transfer to the EU. Nigel Farage, leader of the pro-Brexit UK Independence party, has claimed that being in the bloc costs Britain £55m a day — which adds up to more than £20bn a year.
But the UK’s net transfer to the EU falls far short of such claims. A rebate secured by Margaret Thatcher in 1984 emphatically reduced the bill from the headline figure. London sent £13bn to Brussels last year. Against that, the UK received £4.5bn from the EU in regional aid and agricultural subsidies, and the private sector received a further £1.4bn direct from the EU budget.
That takes the net cost of membership to about £7bn, less than half a per cent of national income — about £260 a year for each British household.
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or if you don't trust the FT:
https://fullfact.org/economy/our-eu-...ee-55-million/
The Out campaign are going to distort, mislead and lie to get Britain out of the EU. That behavior won't just been seen by the In campaign.