Jean-Claude Juncker, the president of the European Commission, announced this week that the remaining members of the EU will have to raise their EU budget contributions when the UK leaves the Union in 2019. Britain's departure will leave a €12-13bn shortfall, which will have to be filled by the remaining states. In May 2018 the EU's Budget Commissioner, Guenther Oettinger, will unveil a proposal for the next multi-annual financial framework (MFF), to cover 2021 until 2027. The EU's budget has historically been capped at around 1% of the Union's economic output - which Junker equated to 12-13 billion euros of coffee per day for the average taxpayer.
Jean-Claude Juncker, the president of the European Commission, announced this week that the remaining members of the EU will have to raise their EU budget contributions when the UK leaves the Union in 2019. Britain's departure will leave a €12-13bn shortfall, which will have to be filled by the remaining states. In May 2018 the EU's Budget Commissioner, Guenther Oettinger, will unveil a proposal for the next multi-annual financial framework (MFF), to cover 2021 until 2027. The EU's budget has historically been capped at around 1% of the Union's economic output - which Junker equated to one cup of coffee per day for the average taxpayer.