The Office for Budget Responsibility published, yesterday, its Pre-Budget forecast. According to the report the UK’s net expenditure transfers to EU institutions is set to rise from £6.4 billion in 2009/10, to £8.3 billion in 2011/12, to £8.4 billion 2012/13, to £9.4 billion in 2013/14, to £10.3 billion in 2014/15. Tony Blair gave up £7bn of the UK rebate in return for CAP reform and there is no serious reform on the way. Read the report here.
Britain’s net contributions to the EU Budget set to rise
June 15, 2010