Publication

Given that the UK is one of the largest economies in the European Union, there are concerns that the country’s pending exit could negatively impact the EU budget. This brief’s authors dismiss the worries. They believe the impact will be manageable because of the UK’s lost rebate and the potential contributions it will have to make in order to access Brussels’ internal market. Put another way, the authors believe that the financial savings for a ’liberated’ UK will be negligible, the budget impact on EU member states will be limited, and that the disruption to the EU Cohesion Policy will be minimal.