The Brexit-sized hole in the future EU budget

The United Kingdom is a net contributor to the EU budget. Following Brexit, the loss of UK contributions will therefore likely require either a reduction in overall spending, or for the remaining member states to pay more into the budget.

Iain Begg explains the impact this shortfall might have as the EU seeks to negotiate its next Multiannual Financial Framework after 2020.

• Primary Source

UK: Parliament: House of Commons: Library: Briefing Paper, No.8039 (15.12.17 and periodically updated): Brexit: the exit bill (et al) http://www.europeansources.info/record/brexit-the-exit-bill/

Committee of the Regions: Study, 2017: Key challenges and opportunities for cities and regions and MFF post 2020 http://www.europeansources.info/record/key-challenges-and-opportunities-for-cities-and-regions-and-mff-post-2020-study/

Swedish Institute for European Policy Studies: SIEPS European Policy Analysis No.9, 2017: The EU budget after 2020 http://www.europeansources.info/record/the-eu-budget-after-2020/

Deustche Bank Research: EU Monitor, 28.02.18: Post-Brexit EU budget – the next hot button issue https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD0000000000463628/Post-Brexit_EU_budget_%E2%80%93_the_next_hot_button_issue.PDF

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