08-10-2019, 02:04
In 2018 the Government spent £864.9 billion on all aspects of public spending.
Our gross contribution to the EU in 2018 was £20 billion, but we got an abatement of £4.5 billion which means £15.5 billion was transferred from the UK Government to the EU in official payments. This only accounts for the money that we pay to the EU as some of the £15.5 billion is credited back to the UK public sector but a proportion of it is paid into the private sector.
£4.5 billion came back into the UK public sector as credits in 2018. £2.2 billion came through a fund called the 'Agricultural Guarantee Fund' and £700 million came back through a fund called the 'European Regional Development Fund'. The net contribution we made in 2018 was £11 billion when you take away the £4.5 billion for EU funded public sector credits and £4.5 billion for abatement.
From 2014-2018 the average net contribution to the EU from the UK was £7.8 billion, the EU funded public sector credits we got back was on average £5.6 billion and the abatement on average was £4.6 billion. The net flow of money flowing from the UK to the EU in 2018 was £8.6 billion.
The £11 billion net contribution figure for 2018 works out at £212 million a week, £166 per person per year, 0.45p per person per day and is 1.3% of Government spending.
The £7.8 billion net contribution figure between 2014-2018 works out at £150 million a week, £117 per person per year, 0.32 per person per day and is 0.9% of Government spending.
In 2018 the Department for International Development paid £452 million in overseas aid via EU institutions while the UK Government paid £951 million which counts to all overseas aid.
What the EU gives UK.
UK Charge for collecting duties and levies (net)1 = £669 million
Agricultural Guarantee Fund2 = £220.2 million
European Social Fund = £295 million
Other EU Receipts = £147 million
Agricultural Fund For Regional Development3 = £503 million
European Regional Development Fund = £676 million
Total £4.492 Billion
What the EU takes off the UK.
Customs Duties and Agricultural Levies4 = £333.5 million
Sugar Levies4 = £8 million
VAT Based Contribution5 = £30.75 million
*VAT Adjustment5 = -£15.0 million
GNI Own Resource6 = £142.65 million
*GNI Adjustment6 = = -£8.21 million
*Fontainebleau Adjustment = -£44.51 million
Total GNI Based Fourth Own Resource Contribution = £89.93 million
Other Secondary income to EU institutions = £258 million
Total £15.519 billion but take away the £4.492 billion they give us back and this is the balance at the end of it. *Balance (UK net position with EU institutions)7 = -£11.027 billion
*By the way the negative balances means the UK pays more to the EU than it receives back.
Our gross contribution to the EU in 2018 was £20 billion, but we got an abatement of £4.5 billion which means £15.5 billion was transferred from the UK Government to the EU in official payments. This only accounts for the money that we pay to the EU as some of the £15.5 billion is credited back to the UK public sector but a proportion of it is paid into the private sector.
£4.5 billion came back into the UK public sector as credits in 2018. £2.2 billion came through a fund called the 'Agricultural Guarantee Fund' and £700 million came back through a fund called the 'European Regional Development Fund'. The net contribution we made in 2018 was £11 billion when you take away the £4.5 billion for EU funded public sector credits and £4.5 billion for abatement.
From 2014-2018 the average net contribution to the EU from the UK was £7.8 billion, the EU funded public sector credits we got back was on average £5.6 billion and the abatement on average was £4.6 billion. The net flow of money flowing from the UK to the EU in 2018 was £8.6 billion.
The £11 billion net contribution figure for 2018 works out at £212 million a week, £166 per person per year, 0.45p per person per day and is 1.3% of Government spending.
The £7.8 billion net contribution figure between 2014-2018 works out at £150 million a week, £117 per person per year, 0.32 per person per day and is 0.9% of Government spending.
In 2018 the Department for International Development paid £452 million in overseas aid via EU institutions while the UK Government paid £951 million which counts to all overseas aid.
What the EU gives UK.
UK Charge for collecting duties and levies (net)1 = £669 million
Agricultural Guarantee Fund2 = £220.2 million
European Social Fund = £295 million
Other EU Receipts = £147 million
Agricultural Fund For Regional Development3 = £503 million
European Regional Development Fund = £676 million
Total £4.492 Billion
What the EU takes off the UK.
Customs Duties and Agricultural Levies4 = £333.5 million
Sugar Levies4 = £8 million
VAT Based Contribution5 = £30.75 million
*VAT Adjustment5 = -£15.0 million
GNI Own Resource6 = £142.65 million
*GNI Adjustment6 = = -£8.21 million
*Fontainebleau Adjustment = -£44.51 million
Total GNI Based Fourth Own Resource Contribution = £89.93 million
Other Secondary income to EU institutions = £258 million
Total £15.519 billion but take away the £4.492 billion they give us back and this is the balance at the end of it. *Balance (UK net position with EU institutions)7 = -£11.027 billion
*By the way the negative balances means the UK pays more to the EU than it receives back.
CHESTERFIELD PREDICTION LEAGUE WINNER 2015/2016
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