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Old 28-08-2019, 05:04   #1400
nomadking
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Re: PM Boris forms a government

From 2017
Quote:
In the OBR’s February report there was a table, unnoticed at the time, which includes an OBR forecast on EU budget contributions up to 2021 based on Treasury information. They show the gross contribution soaring to £22.227 billion by 2021/22 – or £427 million per week. If, as Remainers and statisticians insist, we use only the net contribution – subtracting the UK rebate – then even that soars from £13.952 billion in 2016/7, to £17.405 billion in 2021/2. That is a massive 24.7% increase in 5 years…
But most importantly politically, even the net contribution of £17.405 billion works out at some £335 million per week in 2022. So even using the contested Remainer methodology, Boris would basically be right in four years if we don’t leave the EU…
The rebate has to be renewed with every budget. It hasn't been renewed. It has gone completely.
Link

Quote:
BRUSSELS (Reuters) - The European Union’s budget chief Guenther Oettinger said on Friday Britain would lose its rebate even in the “pleasant but improbable” event of it staying in the bloc.

...
Any extension of the transition period, as suggested by Britain’s finance minister Philip Hammond on Friday, would raise the issue of the British rebate as it would coincide with the bloc entering the new budgetary period that could already be rebate-free.
If a business was always having to give you a 66% rebate, then you would assume they're overcharging you.


Germany

Quote:
Breakdown of Germany's finances with the EU in 2017:
  • Total EU spending in Germany: € 10.927 billion
  • Total EU spending as % of German gross national income (GNI): 0.33 %
  • Total German contribution to the EU budget: € 19.587 billion
  • German contribution to the EU budget as % of its GNI: 0.59 %
UK
Quote:
Breakdown of the UK's finances with the EU in 2017:
  • Total EU spending in the UK: € 6.326 billion
  • Total EU spending as % of the UK’s gross national income (GNI): 0.28%
  • Total UK contribution to the EU budget: € 10.575 billion
  • The UK’s Contribution to the EU budget as % of its GNI: 0.46%
Germany got a higher amount of EU funding as % of it's GNI. Germany 0.33%, UK 0.28%. Any money we get back is taken off the rebate, therefore at least 66% of the money has come from the UK in the first place, ie for every £3 of funding, £2 is knocked off the rebate and added to what we pay in. Factor that in and we actually get an even lower rate of EU funding. The UK contribution figure has the 66% rebate included, so without it, we will and have been expected to pay more as a % of GNI than Germany.
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