Well, you win some, you lose some.
The UK is set to pay £37 billion to the EU until 2064, but will be £6 billion a year better off after 2022, according to the Office for Budget Responsibility.
Analysis reveals that the majority of this bill will be paid off within the first five year, with the remainder already committed in promises to re-join certain EU agencies, and to contribute towards pension schemes.
Based on ‘broad-brush assumptions’, the OBR projected that £16.4 billion would be spent in 2019 and 2020 from ‘UK participation in EU budgets as if it had remained in the EU’.
It said outstanding commitments would cost £18.2 billion between 2021 and 2028.
Over the 45 years from 2019 and 2064 another £2.5 billion will be due as Britain’s share of pensions for EU workers.