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Brexit: Costs

Question for Treasury

UIN 36635, tabled on 20 July 2021

To ask the Chancellor of the Exchequer, what recent estimate his Department has made of the final cost to the public purse of implementing the Withdrawal Agreement and the UK’s departure from the EU; and if he will make statement.

Answered on

26 July 2021

I laid the “European Union Finances 2020: statement on the 2020EU Budget and measures to counter fraud and financial mismanagement” (CP472) on 15 July 2020.

Annex E details the costs of implementing the Withdrawal Agreement and the financial settlement. HM Treasury estimate that the current value of the financial settlement is £37.3bn. This remains within the Government’s previously published reasonable central range, adjusted to take into account the UK’s 31 January 2020 exit date.

Answered by

Treasury