European Commission arch Jean-Claude Juncker says he believes Brexit will go forward and a EU should tackle a appearing bill shortfall.
“Don’t trust those who contend that it’s not going to occur and that people in a UK have realised their error… we don’t consider that’s going to be a case,” he told a Brussels conference.
The EU bill commissioner pronounced a UK’s depart would leave a hole of about €12-13bn (£11-12bn; $14-$16bn).
The UK’s exit is set for Mar 2019.
Budget Commissioner Günther Oettinger pronounced a bill opening would have to be sealed with 50% spending cuts and 50% uninformed money. He suggested a Europe-wide taxation on cosmetic products as a source of additional revenue.
The Commission will tell a offer in May this year and has urged EU leaders to determine a bill understanding by May 2019.
Liberal Democrat personality Vince Cable and former Prime Minister Tony Blair are among a distinguished voices arguing that Brexit can still be reversed, presumably by holding a new referendum on whatever understanding is reached on a UK withdrawal.
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The EU is fresh for tough negotiate between a bloc’s net contributors and net recipients for a subsequent bill period, 2020-2026. The UK is now among a vital net contributors.
What do a EU bill sum mean?
By Adam Fleming, BBC News, Brussels
- €1 trillion – Rough volume that will be spent by a EU in 2014-2020, including on agriculture, energy, informal process and administration
- €12-13bn – Permanent hole left in a bill any year by a UK’s departure, according to a European Commission
- 1% – Size of a EU bill as a suit of a European economy; Mr Juncker wants it to go up
- 85% – Size of eurozone as share of sum EU economy after UK’s depart – adult from 73%, display a change of energy to a eurozone after Brexit
“There will have to be cuts in some vital [EU] programmes – some poignant cuts,” Mr Oettinger warned.
UK Prime Minister Theresa May has pronounced Britain will honour a stream commitments to a EU budget, until 2020.
The UK is one of 10 member states who compensate some-more into a EU bill than they get out. Only France and Germany minister more.
According to UK Treasury figures, a UK’s net grant for 2014/15 was £8.8bn. The sum grant was more, though a UK perceived a £4.6bn rebate. That annual remission was won by a late Margaret Thatcher.
In 2014/15, Poland was a largest beneficiary, followed by Hungary and Greece.
On Monday a maestro pro-Brexit supporter Nigel Farage met EU arch adjudicator Michel Barnier in Brussels. “Mr Barnier clearly did not know because Brexit happened,” he pronounced after a meeting.