Does the U.K. send money to the EU or the other way around?
Boris has been fighting to leave. Here’s a quote to give you an idea of how much it costs the U.K. to be in the EU:
The blog you linked doesn’t like my ad blocker.
Facts are that UK makes money (in tax revenues) from being in the EU because of having access to the single market.
Fact also is that the EU has absolutely no power to keep UK in the EU.
That leads to the fact Bojo The Clown could have simply run-out the clock on October 31 and left the EU by fait accompli but instead decided to remain connected to the EU.
What you are ridiculously posting is that Bojo The Clown, instead of leaving the EU decided to make a deal giving the EU many billions of Pounds because...?
... He just loves giving the EU billions.
it’s actually more nuanced - the UK pays into a membership fund and a large chunk of that is used in initiatives or projects within the UK.
In addition membership grants it the right to freely transact with markets across the the eu, so it gets a lot out of the membership — and so do the other members.
In 2018 the UK government paid £13 billion to the EU budget, and EU spending on the UK was forecast to be £4 billion. So the UK’s ‘net contribution’ was estimated at nearly £9 billion.
A membership fee isn’t the same as the total economic cost or benefit of EU membership.
Being in the EU costs money but does it also create trade, jobs and investment that are worth more?
The government then gets some of that money back, mainly through payments to farmers and for poorer areas of the country such as Wales and Cornwall.
In 2017, the UK’s ‘public sector receipts’ are estimated to be £4.3 billion.