 |
answer text |
<p>The extension of Article 50 to 31 October 2019 will affect the size of the financial
settlement because contributions to the EU that would have formed part of the settlement
will be made while the UK remains a Member State, which reduces the size of the settlement.
The UK will make further contributions in 2019 as a Member State until our exit, but
there will be an equal reduction in contributions in 2019 under the financial settlement.
The net effect on EU contributions is zero.</p><p>The Office for Budget Responsibility
(OBR) estimated in its March 2019 Economic and Fiscal Outlook (EFO) that the UK’s
net (public sector receipts) contribution to the EU over 2019/20 would be £11bn.</p>
|
 |
