UKIP Myth about UK's £40M per day - They are simply making most of this up.

UKIP claims that EU membership costs the UK £40m per day. This is total rubbish. I took part in a debate at a local school in Coventry a few months back and the UKIP representative made many wild claims that I could not even find supported in their own literature. I suspect they are double accounting or simply making the figures up!

Here are the facts backed up by various public sources of information.

The UK does make a net contribution to the EU, which varies year on year, but this year each person in the UK contributes £67 a year, or £1.29 per week, or 18p a day to the EU budget.

Britain pays similar amounts into the budget as do other countries of Britain’s size and wealth. It is only right that Britain makes a budget contribution, as we take all the benefits of EU membership, such as the 3 million British jobs linked to trade with other EU countries.[1]

Government Spending and net EU budget contributions:

Government spending 2008-09: £623bn, net EU contribution: £3bn[2] Government spending 2009/10: £671bn[3], net EU contribution: £4.1bn[4] (i.e. 0.6% of total government spending)

[1] http://www.berr.gov.uk/whatwedo/europeandtrade/europe/benefits-eu-membership/page22676.html
[2] Chart 1.1, 'Pre-Budget Report 2008' http://www.hm-treasury.gov.uk/prebud_pbr08_repindex.htm
[3] Chart 1.1, (page 12) 'Budget 2009: Building Britain's Future' http://www.hm-treasury.gov.uk/d/Budget2009/bud09_completereport_2520.pdf
[4] Footnote 3 of Table C9 (page 238) ) 'Budget 2009: Building Britain's Future' http://www.hm-treasury.gov.uk/d/Budget2009/bud09_completereport_2520.pdf