Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Serco hits back after Zia Yusuf accuses FTSE 250 firm of being ‘hostile to Reform’

      Former Chairman of Reform UK, Zia Yusuf addresses Reform UK supporters.

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Royal Ascot worth £140m to UK economy

      Breaking news scene with journalists and cameras outside a government building, capturing a press conference in progress.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      The best places to eat sandwiches in Lisbon, from bifanas to pregos

      Bifana do Afonsos famous bifana sandwich showcasing tender pork in a freshly baked roll with savory sauce.

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Saturday 25 October 2014 12:45 pm  |  Updated:  Friday 07 June 2019 2:21 pm

EU budget 2014: How much has the UK been asked to pay compared to other member states?

By: Joe Hall

Add as a preferred source on Google

David Cameron appeared as shocked as the rest of us by the news that the European Commission has charged the UK with a whopping €2.1bn (£1.7bn) bill.

The EU Commission is demanding the UK make the extra contribution to the EU budget due to the relative health of the country’s economy in comparison to the rest of its member states.

Yesterday David Cameron was scathing in his criticism of the EU Commission's conduct. He insisted he “won’t be paying” a bill he described as “not acceptable”. 

Not only is the UK being asked to stump up more cash than any other nation, but other large EU economies such as France and Germany will be the beneficiaries, receiving rebates of €1bn and €779m respectively.

The map below shows the biggest winners and losers in the EU Commission’s recalculated budget contributions. Minus figures indicate those countries tasked with additional payments, positive indicates a rebate.

No wonder the Prime Minister has been so bullish in response.

He said:

It’s a €2bn bill. It gets presented with a month to go. That is not an acceptable way to behave and it’s not an acceptable sum of money.

 

I am not paying that bill on December 1. If people think I am, they have got another think coming.

The UK has been asked to put more back into the EU budget than every other country tasked with doing so put together. Eight other countries, including Ireland, Italy and Greece, have been commanded to hand over €1.1bn collectively.

Cameron’s stern stance is unsurprisingly being backed by the Netherlands and Italy. Speaking at the end of a two day European Council meeting, Cameron quoted Italian prime minister Matteo Renzi as saying: “This is not a figure, this is a lethal weapon”.

However, perhaps equally predictable is the response in favour of the recalculations from beneficiaries such as Germany. The Times has reported that German chancellor Angela Merkel yesterday told leaders to play by the EU Commission’s rules.

The money paid by the UK and others will go towards those adjudged to have paid too much, with France in line for the biggest bonus.

The EU Commission determines budget contributions based on the size of a country’s gross national income (GNI) compared to the size of their economy.

It is believed the demand for increased UK payments stems from the £74bn that was added to its GNI in 2013, following the ONS’ decision to bring their calculations in line with Eurostat.

With Cameron incensed and refusing to pay the bill, it remains possible the EU Commission could lower their demands before 1 December. The commission’s letter to the member states says it will inform them of the final, confirmed amounts in November.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Related Topics

  • Brexit

Trending Articles

  • London Tech Week sums up everything wrong with UK tech

  • Inflation expectations at record high in interest rates signal

  • As it happened: FTSE 100 relief rally runs out of steam as BP and Shell weigh; Oil hits three-month low

  • KPMG’s Summer Friday half-day rollback signals deeper woes for Big Four giants

  • New Gluten-Free Bread Binder Simplifies the Recipe — and Boosts Bread Quality

More from CityAM

  • EU rejected UK push for single market on goods

    Politics
    European
  • Southampton ‘Spygate’ expulsion ‘severe’, admits commission member

    Sport Business
    GettyImages 2271356716 showing business professionals engaged in a dynamic office environment, highlighting collaboration ...
  • Richard Desmond hit with £40m bill over ‘fanciful’ lottery feud

    Legal
    Richard Desmond's legal battle against Gambling Commission opened at High Court. Photo by Peter Macdiarmid/Getty Images
  • Banks call for ‘political mandate’ to bolster European defence

    Banking
    News article image depicting a significant business meeting with diverse executives discussing strategy around a conferenc...
  • Realignment with the EU is a £15bn betrayal

    Opinion
    UK-EU border alignment discussion, highlighting £15bn GDP impact and trade concerns, with a focus on economic implications
  • 15m workers not ‘sufficiently’ saving for retirement, says top pensions chief

    Investing
    Andy Briggs, Chief Executive of Standard Life, addressing a business conference, wearing a suit and speaking at a podium.
  • Manchester City and Spygate prove lawyer gulf is opening in football

    Sport Business
    Getty Images business meeting with diverse professionals discussing strategies in modern office setting
  • Millions of Brits face retirement ‘cliff-edge’ after not saving enough

    Personal Finance
    Mansion House meeting of pension fund leaders discussing investment strategies and financial accords in a grand boardroom ...
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
  • News
  • Markets & Economics
  • Politics
  • Opinion
  • Life&Style
  • Personal Finance

Follow us for breaking news and latest updates

  • Facebook
  • X
  • Instagram
  • LinkedIn
Copyright 2026 CityAM Limited