U.K. to pay extra €2 bn into EU budget

The Financial Times reported the European Commission ruled that the U.K. would have to pay an extra €2.1 billion to the EU budget. To compensate for its economy performing better than other EU countries since 1995, the U.K. will have to make a top-up payment on December 1 representing almost a fifth of the country’s net contribution last year. The Netherlands has also been ordered to pay more than €600m extra into the budget. Britain faces by far the biggest contribution, whereas Germany receives a rebate of €779 million, France €1 billion, and Poland €316 million according to Brussels calculations. The Financial Times explains the economies of these countries fell short of expectations. According to the European Commission’s resolution, the surcharge is supposed to be paid only once. So, it does not mean more contributions will be required later on.