Britain is on the brink of crashing out of the European Union in an disorganised heap after months of political bungling. On Thursday, 21 March, after eight hours of talks, EU leaders offered to delay Brexit until 22 May if Parliament approves Theresa May's deal at the third attempt. If they do not the EU will grant an extension until 12 April and said Britain could leave without a deal. But what will Brexit mean for the EU's budget? The bloc's current annual budget is around 165 billion euros (£143 billion) and around nine percent of that is made up of the British contribution. EU27 responds to UK requests in a positive spirit and: — Donald Tusk (@eucopresident) 21 March 2019 The EU is currently in the process of putting together its budget for 2021-2027 and it has already factored into the equation Britain leaving. Iain Begg, a professor … [Read more...] about ‘Frugal Four’ Have to Pay More to Plug Gaps Left by UK in EU Budget
Uk contribution to eu budget
The member states contribution to the EU budget to increase from 1.1 percent of GDP to 1.3 percent
Member States must increase their contributions to the EU budget to meet the challenges facing the region, Brexit and increasing inequalities in society and climate change, according to Spanish MEP Jordi Sole, a member of the Greens group in the European Parliament (EP) at a seminar in Brussels. For the 2021-2027 budget, the European Parliament advocates more revenue, notably by increasing the contribution of the Member States to 1.3 percent of the EU-27 gross national income (excluding the UK), to EUR 1,324.1 billion (calculated at prices of 2018). Instead, the European Commission’s proposal in the spring proposes a slightly lower ceiling of 1.1 percent. The EP wants to raise funds for youth policies, research, growth and job creation and the fight against climate change. At the same time, the EP considers that the allocation of new resources in the areas of migration, defense and security must not be at the expense of agricultural and cohesion policies. “The less the … [Read more...] about The member states contribution to the EU budget to increase from 1.1 percent of GDP to 1.3 percent
Brexit puts additional financial pressure on member states’ contribution to EU budget
Member States must increase their contributions to the EU budget to meet the challenges facing the region, Brexit and increasing inequalities in society and climate change, according to Spanish MEP Jordi Sole, a member of the Greens group in the European Parliament (EP) at a seminar in Brussels. For the 2021-2027 budget, the European Parliament advocates more revenue, notably by increasing the contribution of the Member States to 1.3 percent of the EU-27 gross national income (excluding the UK), to EUR 1,324.1 billion (calculated at prices of 2018). Instead, the European Commission’s proposal in the spring proposes a slightly lower ceiling of 1.1 percent. The EP wants to raise funds for youth policies, research, growth and job creation and the fight against climate change. At the same time, the EP considers that the allocation of new resources in the areas of migration, defense and security must not be at the expense of agricultural and cohesion policies. “The less the … [Read more...] about Brexit puts additional financial pressure on member states’ contribution to EU budget
€1,135 billion EU budget proposed by commission is “pragmatic”
The European Commission has proposed an EU budget of €1,135 billion for the 2021-2027 period, claiming it is, “…a modern budget for a Union that protects, empowers and defends.” In a statement published on 2 May 2018, the commission described the budget as, “…an honest response to today's reality in which Europe is expected to play a greater role in providing security and stability in an unstable world, at a time when Brexit will leave a sizeable gap in our budget.” The budget arrives at a crucial time for the European Union as the UK’s exit approaches. This explains why the proposed budget breeches the previously set cap of 1% of the union’s gross national income (GNI). It calls for increased payments from the wealthiest countries as well as cuts to agriculture subsidies and cohesion spending, which account for 40% and 33% of the current budget expenditure respectively. According to the commission statement, “Today's … [Read more...] about €1,135 billion EU budget proposed by commission is “pragmatic”
What happens if UK leaves EU without a deal?
What happens if UK leaves EU without a deal? BelfastTelegraph.co.uk With the EU and UK issuing guidance on preparations for a no-deal Brexit, here are some pointers on what leaving the EU without a Withdrawal Agreement on March 29 2019 might mean. https://www.belfasttelegraph.co.uk/news/uk/what-happens-if-uk-leaves-eu-without-a-deal-37135359.html https://www.belfasttelegraph.co.uk/news/uk/article37135356.ece/8e2dc/AUTOCROP/h342/bpanews_18ab5713-4529-4770-bbac-1c0ffd2fe1e5_1 Email With the EU and UK issuing guidance on preparations for a no-deal Brexit, here are some pointers on what leaving the EU without a Withdrawal Agreement on March 29 2019 might mean. – There would be no 21-month transition period to December 2020, so businesses and public bodies would have to respond immediately to changes in the rules governing their operations. – Protections for expatriates agreed as part of withdrawal negotiations could be torn up, creating uncertainty over the legal rights … [Read more...] about What happens if UK leaves EU without a deal?