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The Brexit-sized hole in the future EU budget

The EU is headed for fraught negotiations over the contributions made by the remaining member states

By Iain Begg  

Boris Johnson and Gisela Stuart in front of the infamous Vote Leave Brexit bus. Photo: Stefan Rousseau/PA Wire/PA Images

Have you ever wondered why the European Union was so insistent on the UK paying a sizeable divorce bill? There are several reasons behind the narrative about holding the UK to its obligations. Consider the two below.

First, the UK is a net contributor to the EU budget, so there will be a revenue shortfall after it leaves. Under the current Multi-annual Financial Framework (MFF), setting out plans for spending…

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