The European Union agreed its budget for 2020 yesterday and is relying on UK continued payments until the end of next year. PLEASE SUPPORT MY WORK ON YOUTUBE VIA PATREON AT:
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According to the latest EU budget requirements, the UK will continue to pay into the Brussels coffers until the end of 2020 as if it were still a full member, despite our Brexit date being set as the 31st of January 2020.
But of course this is all set out in the Boris Johnson Withdrawal Agreement as part of the transition period where we still have all the responsibilities of being a full member - i.e. that of paying in - but none of the rights.
Once this budget has been formally rubber stamped by the EU Council and EU parliament it will be set.
Now, let's give this a moment's thought shall we.
We are full members of the EU at the moment and one assumes we have been fully involved with putting this budget together and with agreeing it.
Does that therefore mean the UK is now tied into paying into the Brussels coffers under international law - even in the now unlikely event we end up leaving without a deal on the 31st of January?
Just a question.
So, given that in all probability we will be participating in this 2020 budget, the main points of it are that:
the budget is obviously based on the premise that the UK will continue to contribute into the budget until the end of 2020.
The commitments part of the budget, which "...are the legal obligations to spend money that are signed in a given financial year. Legal obligations can be contracts, grant agreements and decisions. The amounts are not necessarily paid out in the same year but may be spent over several financial years", and this has been increased by 1.5% compared to 2019 to €168.69 billion.
And the Payments side of the budget that covers expenditure due in the current year, which arises from legal commitments from the same or earlier years, has increased by 3.4% to €153.57 billion.
Now, 21% of the budget will go to addressing climate change.
EU farmers will get €58.12 billion.
The EU Galileo satellite system will get €1.2 billion, a 74.7% increase on 2019 to "...expand its worldwide market uptake to reach 1.2 billion users by the end of 2020". And remember, once the UK leaves the EU they don't want us anywhere near it, despite having paid into the system.
So the Eurocrats have obviously made no moves to cut their cloth in anticipation of the UK leaving the EU.
This has led Germany to expect to have to just about double its own contributions into the EU pot to somewhere between €29 and €33 billion for the new multi-annual financial framework (MFF) post 2020.
And the Irish PM, Leo Varadkar, has predicted that his country will see a steep rise in its contributions as well.
The EU Commission has put that in the region of a net contribution increase from €315 million a year to €760 million.
Varadkar said:
"We are okay about that. As a country that was a net beneficiary of the EU budget, we are going to become a net contributor, but what we gained from the EU is much greater than what we contribute financially."
He might not be saying that as that net amount grows in the coming years, while more countries receive EU funds in order to bring them up to the standard to become members of the EU club.
Moving on, what would a general election report be without a poll?
The latest poll from Kantar out today, mirrors other recent polls.
It sees the Tories leap by 8 points to 45% to now lead the Labour Party by 18%.
Labour remains unchanged on 27% and the Lib dems have slipped a point to now stand on 16%.
But the Brexit Party has slumped by 7 points to just 2%.
#Brexit
#GeneralElection
#EUBudget
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