Question Author
P.P. 'All EU member states are obliged to pay the EU a portion of the total VAT that they collect plus a proportion of their total GDP – so that as GDP grows, so does the bill to the EU. In 2015 the UK government paid over to Brussels a total of €3.74 billion in VAT payments and €20.6 billion in GDP payments. The UK government then received a rebate (based on a formula hammered out by Mrs Thatcher in the 1980s) of €6.01 billion. So the total paid was €18.29 billion.
Divide that figure by 52 weeks and you get €350 million – note the currency – NOT £350 as has been widely reported. Or, if you prefer, €50 million per day. Thus Boris’s figure – in Euros – is correct as the gross amount paid.'
master investor
I may say to you, " you have just gained an inheritance from your Aunt Agatha, shall we go to Maxim's for lunch?"
and I can anticipate your reply, - where's the lie?