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Old 16-09-2019, 21:05   #58
Mick
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Re: Brexit Development(s) Discussion

While Luxembourg is trying to humiliate us. Pay back time.

It is well known the UK is a massive NET contributor to the EU, i.e we put more in than we get out...

Luxembourg is one of those Member States that gets more out than it puts in...

For example...

Budgets and Funding
How much does Luxembourg contribute and receive?
Member countries' financial contributions to the EU budget are shared fairly, according to means. The larger your country's economy, the more it pays – and vice versa. The EU budget doesn't aim to redistribute wealth, but rather to focus on the needs of all Europeans as a whole.

Breakdown of Luxembourg’s finances with the EU in 2017:

Total EU spending in Luxembourg: € 1.827 billion
Total EU spending as % of Luxembourg gross national income (GNI): 4.97 %
Total Luxembourg contribution to the EU budget: € 0.307 billion
Luxembourg contribution to the EU budget as % of its GNI: 0.84 %

How much does the UK contribute and receive?
Member countries' financial contributions to the EU budget are shared fairly, according to means. The larger your country's economy, the more it pays – and vice versa. The EU budget doesn't aim to redistribute wealth, but rather to focus on the needs of all Europeans as a whole.

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%
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