EU Budget: Contributions:Written question - HL11763

Q
Asked on: 23 November 2018
Department for Exiting the European Union
EU Budget: Contributions
Lords
To ask Her Majesty's Government whether any final financial settlement with the EU resulting from Brexit will represent the UK's accumulated obligations; and if so, how much the accumulated obligations represent; and whether they will publish a breakdown of those obligations.
A
Answered by: Lord Callanan
Answered on: 06 December 2018

We have agreed a fair financial settlement with the EU as part of the draft Withdrawal Agreement which reflects the UK paying its share of the outstanding EU commitments made during the period of our membership. Our estimate, based on reasonable assumptions and publically available data, falls within the range of £35bn-£39bn, and the National Audit Office confirmed in April 2018 that these assumptions were reasonable.

Details of the basis on which that figure was reached can be found in the draft Withdrawal Agreement, published on November 14th, 2018. The Chancellor of the Exchequer also provided details to the Treasury Select Committee in January 2018, including a breakdown of the components of the settlement.


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