Brexit: The Financial Settlement and the Withdrawal Agreement

Author: Anouk Berthier and Iain McIver

PDF Published: Monday 04 Sep 2017 (SB 17-60)

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Overview
Report

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Overview
Report
- Executive Summary
- Lexicon
- Context
- The negotiations so far
- The EU budget
  - Multi-annual Financial Frameworks and annual EU budgets
  - EU revenue: where does it come from?
  - EU expenditure: what is it spent on?
  - Multi-annual Financial Framework 2014-20
- Financial contributions between the UK and the EU
  - UK contribution to the EU budget
  - EU funding payments to the UK
  - Other costs to the UK associated with being in the EU
  - The UK's forecast contribution to the EU until 2021
- European Commission view on a financial settlement for UK withdrawal from the EU
  - Principles of financial settlement
  - Calculating the UK obligation in relation the EU budget
  - The UK's participation in specific funds and facilities
    
    Financial settlement in relation to European Investment Bank (EIB)
    
    Financial settlement in relation to the European Central Bank (ECB)
    
    Financial settlement in relation to European Development Fund (EDF)
    
    Financial settlement in relation to other EU bodies
- Estimates of the cost of leaving the EU
  - "Cancelling club membership" or "divorce"?
  - Financial Times study
- Scotland and the EU budget
- Annex 1: MFF 2014-2020 commitments including for the year 2017
- Annex 2: HM Treasury's assessment of UK contributions to the budget, 2010 to 2016
- Annex 3: Lists of bodies or funds included by the European Commission in the financial settlement
Sources

Image: Figure 1: EU revenue by category (€ billion) and UK share (%), 2016

Image: Figure 2: MFF 2014-2020 commitments, € billion

Image: Figure 3: UK contribution to the EU, 2011 to 2016, € billion*

European Commission. (2017). The UK 'rebate' on the EU budget An explanation of the abatement and other correction mechanisms. Retrieved from http://www.europarl.europa.eu/RegData/etudes/BRIE/2016/577973/EPRS_BRI(2016)577973_EN.pdf [accessed 17 August 2017]

European Commission. (2017). Speech by Michel Barnier, the European Commission's Chief Negotiator, following the first round of Article 50 negotiations with the UK. Retrieved from http://europa.eu/rapid/press-release_SPEECH-17-1704_en.htm [accessed 17 August 2017]

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Last Updated: 17/6 1:41am

Image: Figure 1: EU revenue by category (€ billion) and UK share (%), 2016

Image: Figure 2: MFF 2014-2020 commitments, € billion

Image: Figure 3: UK contribution to the EU, 2011 to 2016, € billion*

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