OBR: In 2022 the UK’s Net Weekly Contribution to the EU Will Be £335 Million

 

(The Office for Budget Responsibility (OBR) is an advisory non-departmental public body established by the UK government
to provide independent economic forecasts and ‘independent’ analysis of the public finances.)
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In the OBR’s February report there was a table, unnoticed at the time, which includes an OBR forecast on EU budget contributions up to 2021 based on Treasury information. They show the gross contribution soaring to £22.227 billion by 2021/22 – or £427 million per week. If, as Remainers and statisticians insist, we use only the net contribution – subtracting the UK rebate – then even that soars from £13.952 billion in 2016/7, to £17.405 billion in 2021/2. That is a massive 24.7% increase in 5 years…
But most importantly politically, even the net contribution of £17.405 billion works out at some £335 million per week in 2022.
So even using the contested Remainer methodology, Boris would basically be right in four years if we don’t leave the EU… 
OBR forecast of gross contribution, rebate
Millions
2017 2018 2019 2020 2021 2022
Gross contribution 19,196 18,858 19,981 20,780 21,496 22,227
Less: UK rebate -5,244 -5,323 -4,027 -4,335 -4,632 -4,822
Net contribution 13,952 13,535 15,954 16,445 16,864 17,405
Millions
Per week 268.3 260.3 306.8 316.3 324.3 334.7
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