Has Osborne halved the EU’s £1.7bn bill?

George Osborne: It seems he can save money when he wants to.

George Osborne: It seems he can save money when he wants to.

The UK will only have to pay half of the £1.7bn budget surcharge demanded by the European Union, according to George Osborne.

The EU itself has yet to make an announcement at the time of writing.

Osborne’s words came after a four-hour meeting of EU finance ministers in Brussels, in which he said it had also been agreed that the UK would pay the money in two interest-free instalments, totalling £850 million, before September 2015.

It seems the Treasury wants to claim it has cut the 2.1bn Euro top-up charge in half by ensuring the UK’s rebate applies to the payment.

But even the BBC’s Tory-supporting Political Editor, ‘Tricky’ Nick Robinson, said the deal would be scrutinised.

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6 thoughts on “Has Osborne halved the EU’s £1.7bn bill?

  1. Dave Pearce

    it’s simple Mike , as I understand it the ‘bill’ was based on the economy upto 2010/11. By screwing the economy he has effectively cut the amount due (as the payment is based on GDP)

    1. Mike Sivier Post author

      Well, paid in full because our rebate is going to be taken as part of the payment.

  2. Mr.Angry

    Just read further articles on this issue does Cameroon and Gideon really expect Joe public to believe anything they say, Enough B******t Georgy boy we are are not all so stupid. Enough is enough start packing up at No 11 have a long holiday if you so wish, get it into your thick mallet the public are sick to death of you and your pocket lining cronies.

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