EU Budget: Contributions

Treasury written question – answered at on 12 April 2024.

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Photo of Lord Pearson of Rannoch Lord Pearson of Rannoch Non-affiliated

To ask His Majesty's Government, further to the Written Answer by Baroness Vere of Norbiton on 27 March (HL3259), whether they will now answer the question put; namely, how much money the United Kingdom pays to the European Union annually; on what that money is spent; and what plans they have, and to what timescale, for its reduction.

Photo of Lord Roborough Lord Roborough Lord in Waiting (HM Household) (Whip)

At the Spring Budget 2020 following withdrawal from the EU the OBR estimated that there was £42.3bn more to spend on public services between 2020-21 and 2024-25 than would have been the case had we stayed in the EU. This additional spending has been included in the overall spending plans set out at Spending Reviews since we left the EU.

The financial settlement as set out in the Withdrawal Agreement ensures the UK only pays its past obligations as a departing Member State and does not relate to any continuing or future arrangements. As set out in the European Union Finances Statement 2023 (available in the library of the House and on, the UK is estimated to have paid £6.1bn in net liabilities in 2023 as part of this settlement.

Where the UK has decided it is in its interests to cooperate with the EU further, for instance on Horizon Europe, details of payments are set out in the relevant departments’ annual account.

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