To put an end to various camps throwing out various figures to Public, over UK’s payment to European Union for being part of it, Office of National Statistics (ONS) published a presentation today, which explains how much UK contributes towards EU.
It says that in 2014, UK’s gross payment towards EU was £19.1 billion. But before that payment was made, UK got a rebate, which amounts to £4.4 billion, bringing down the net sum to £14.7 billion. But that is not the final sum either. £4.8 billion returned through various programs, including £1.1 billion as European Regional development fund and £2.3 billion as European Agriculture guarantee fund. That brings down the net contribution to £9.9 billion.
It also points out that some money also return to UK’s private sector research, which according to the calculations of EU is about £7.1 billion per year from 2010 to 2014. However ONS points that EU figure is volatile.
With that figure, cost of staying in EU, per person is about 42 pence per day, which is in fact not that big a contribution.
Pound on the other hand has been warming up to the possibility that there will be no exit. Currently trading at 1.463 against Dollar.






