Our last year charged as a member of the EU meant we paid them £17 bn in tax revenues. We got £4.4 bn back , making a net contribution of £12.6 bn. In practice UK taxpayers had to pay the £17 bn. The money back was meant to be for things the UK government would…
Our last year charged as a member of the EU meant we paid them £17 bn in tax revenues. We got £4.4 bn back , making a net contribution of £12.6 bn. In practice UK taxpayers had to pay the £17 bn. The money back was meant to be for things the UK government would not normally pay for, directed by EU policies.
We are no longer making these large contributions. Every year that passes saves us more money, as the EU put the membership fees up.
More importantly since covid the EU has gone on a borrowing binge. By 2026 it will have added Euro 806 bn of extra debt, to be guaranteed by the member states. Our share of that assuming all members pay their way would have been around £110 bn. The EU is also borrowing to lend on to Ukraine, again with member states standing behind the debts.
The last thing we need is yet more state debt. The UK has been too ready to borrow directly on its own account. It would be bad news for taxpayers if we were also up to our eyes in EU debt. The side of the bus said we could spend more on the NHS when our EU fees stopped. That is exactly what happened, so the NHS is getting a lot more money and the UK debt is still going up.
