Britain will pay £100 million a year more to the European budget over the next five years, the independent forecaster said today.
The Office for Budget Responsibility said Britain will pay an extra £500 million this year, with a contribution to the EU budget of £11 billion.
The forecast contribution for 2015-16 has been cut by £800 million to £9.9 billion, and increased by almost £1 billion for 2016-17.
The revisions – which balance out at £100 million a year until 2019 – follow a controversial recalculation of EU member states’ budget contributions. That was based on how each European economy is performing, meaning Britain is effectively being punished for success. Telegraph.
