• EU budget implications of a no-deal Brexit

    2 monthes ago - By Bruegel

    The United Kingdom's financial contribution to the liabilities of the European Union - the so-called ‘exit fee' - is, in my view, a less important aspect of Brexit. The amounts at stake are small relative to GDP both for the EU and the UK, and there are many more important issues that could also have larger direct budgetary impacts than the exit fee.
    For example, I regard the future trade, services and immigration partnerships - which will affect economic growth and thereby direct budget revenues - as more important matters than the exit fee. Similarly, non-economic issues like security...
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