£350 million a week doesn’t include the rebate but uses better figures
It’s also been claimed that we send £350 million a week to the EU. That also misses out the rebate, although is based on better figures for the UK’s contributions.
£350 million is what we would pay to the EU budget, without the rebate.
But the UK actually pays just under £250 million a week.
The UK Statistics Authority has said the EU membership fee figure of £19 billion a year, or £350 million a week, is "not an amount of money that the UK pays to the EU each year".
£500 billion cost since joining the EU has the same problem
A further claim is that, if you add up the UK’s payments to the EU budget since 1973, we’ve contributed nearly £500 billion in total.
It uses the correct ONS figures on official contributions, although the ONS published slightly revised figures earlier this week. It also factors in inflation to reflect the rise in prices over the last four decades.
But it still doesn’t account for our rebate, so doesn’t represent what we have actually paid. Applying the discount reduces the figure to about £380 billion, or £9 billion a year.
The UK gets money back
The government then gets some of that money back, mainly through payments to farmers and for poorer areas of the country such as Wales and Cornwall.
In 2015, the UK's ‘public sector receipts’ amounted to £4.5 billion.
So overall we paid in £8.5 billion more than we got back, or £23 million a day.
The Treasury figures note payments the EU makes directly to the private sector, such as research grants. In 2013, these were worth an estimated £1.4 billion, so including them could reduce our net contribution further still.
The money we get back will be spent on things the government may or may not choose to fund if we left the EU. It’s not enough to look at the net contribution in isolation because what we get back isn’t fully under our control.
Therefore that seems to bring our overall contribution to the EU (with ALL deductions) to £7.1 billion. Which I calculate is just over £19 million a day.
Is that better for you Maisie et al 