Politics

EU Shocks UK With A £1.7 Billion Demand for Gross National Income Growth

The European Union had demanded that the UK pay £1.7 billion to the European Union Budget because its economic plans had succeeded and performed very well in the recent years.

The UK annually contributes £8.6 billion. In total, the bill would reach more than £2 billion by the end of the year.

According to a government source, the additional demands were unacceptable. It also comes when the UK public is lobbying for UK Prime Minister David Cameron to separate from the European Union as people favoured the UK Independence Party (UKIP).

EU’s demand for more cash has infuriated the government and other Tory MPs.

Cameron is also in Brussels for an EU summit with other leaders.

According to the government source, the European Commission itself was not expecting the money and does not need the money. It is not acceptable to just change the fees for previous years and demand them back at a moment’s notice.

The source also said they will be working with other countries affected by the demand to challenge the European Commission.

The European Commission made the demand after Eurostat reviewed the UK and other countries’ performance since 1995. They then readjusted the contributions made by each state over the last four years based on their growth pace.

The new calculations revealed that the UK and Netherlands are to pay more for their economic performance, while France and Germany will receive rebates.

Source

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