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UK's EU membership will rise to £10.3bn
Tuesday, 15th June 2010
Britain’s EU membership fee will soar to £10.3bn a year by 2014 according to a revised estimate from the Office of Budget Responsibility (OBR).
The hike is due to Tony Blair’s disastrous decision to give up part of Britain’s EU rebate in 2005 – a decision described by UKIP deputy leader Lord Monckton last week as a foolish attempt to secure the EU presidency.
The OBR – a new watchdog chaired by economist Sir Alan Budd – also revised upwards Britain’s contributions to the EU budget for 2009/10 to £8.3bn, from the previously estimated £7.6bn.
Sarah Gaskall, from the Open Europe think tank, said: “It is now shockingly clear just how poor the deal Tony Blair negotiated in 2005 was for the UK.”
Read Lord Monckton's reaction to EU plans to take back more of the UK's rebate
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