Treasury data published by the House of Commons Library showed the annual gross contribution to Brussels coffers was one of the highest in the UKs 47 years as a member of the European bloc. The huge sum from taxpayers - nearly a billion pounds more than the previous year - was equivalent to more than 500 for every household in the UK.<\/p>\n
It would have been around 4.5billion higher without the rebate won by the then prime minister Margaret Thatcher during budget negotiations in the 1980s.<\/p>\n
Figures showed around 5billion was returned to the UK under EU spending schemes last year, giving a total net contribution for 2019 of 9.4billion.<\/p>\n
Tory MP Peter Bone, a leading figure in the Brexit campaign, said: This is a huge sum of money. It shows why this country was right to leave the EU.<\/p>\n<\/p>\n
Our contribution was set to rise even higher if we stayed in the EU. We have basically been subsidising other European countries.<\/p>\n
\"My constituents did not consider that a fair and reasonable deal.<\/p>\n
Britain, which formally quit the EU at the end of this year, is expected to pay a similar amount to Brussels this year for continuing EU single market and customs union membership during the transition out of the blocs rules.<\/p>\n
Britains obligation to contribute to the EU budget is set to end once the transition expires at the end of this year.<\/p>\n
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But under the departure deals, the UK could still have to pay money to Brussels for many years.<\/p>\n
The House of Commons Library research paper said: The UK and EU have some outstanding financial obligations to each other that they are settling through a financial settlement.<\/p>\n
The obligations arise out of the UKs participation in the EU budget and broader aspects of its EU membership.<\/p>\n
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The Office for Budget Responsibility, Whitehalls financial watchdog, has estimated that the settlement may cost the UK around 33 billion once the final payment is made, possibly in the 2060s.<\/p>\n
Britains contribution has varied year to year based on economic performance and other Brussels criteria.<\/p>\n
The biggest annual sum, a gross contribution of 16billion and net of 11.5billion, was paid in 2013.<\/p>\n
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Brexit Britain gave EU eye-watering 14.4bn in final year of membership -Right to leave! - Daily Express<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Treasury data published by the House of Commons Library showed the annual gross contribution to Brussels coffers was one of the highest in the UKs 47 years as a member of the European bloc. The huge sum from taxpayers - nearly a billion pounds more than the previous year - was equivalent to more than 500 for every household in the UK Continue reading