EU Budget

Treasury written question – answered on 6th December 2018.

Alert me about debates like this

Photo of Priti Patel Priti Patel Conservative, Witham

To ask the Chancellor of the Exchequer, pursuant to the Answer of 26 November 2018 to Question 194212, on EU Budget, what estimate his Department has made of the sum in (a) pounds sterling and (b) euros of the maximum amount of the potential (i) financial settlement under the provisions in Article 143 and Article 146 and (ii) any additional amounts payable to the EU under the proposed Withdrawal Agreement.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The UK’s estimated maximum liability attributed to financial operations guaranteed through the EU budget (Article 143 and 147) are reported within the Government’s Consolidated Fund Account annual publication, page 12 to 14. The Consolidated Fund may also be required to settle any liabilities arising from changes in legislation, regulation and funding arrangements resulting from EU exit on behalf of UK Government where these are not covered by other Government departments. This is disclosed as an unquantifiable remote contingent liability in accordance with the principles of Managing Public Money.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.