Commons Sense

House of Commons · Written Ministerial Statement

Annual European Union Finances Statement

14 July 2020 · Treasury

Proposed by Steve Barclay Con North East Cambridgeshire

Brexit

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • The statement covers the EU Budget for 2019 and measures to counter fraud
  • This is a routine publication providing details of revenue and expenditure
  • HM Treasury estimates the financial settlement valued at 30.2bn as of January 2020 exit date

Issue summary

The statement covers the EU Budget for 2019 and measures to counter fraud.

Action requested

This is a routine publication providing details of revenue and expenditure, recent financial management developments, and an updated HM Treasury estimate of the £35-39bn financial settlement valued at £30.2bn as of January 2020 exit date.

Key facts

  • The statement is the thirty ninth in the series since its inception.
  • Exit from the EU on 31 January 2020 affected some UK and EU payments originally scheduled post-withdrawal.
  • HM Treasury estimates the current value of the financial settlement at £30.2bn, within the Government’s reasonable central range of £35-39bn.
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