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Annual European Union Finances Statement

My right honourable friend the Chief Secretary to the Treasury (Darren Jones) has made the following Written Ministerial Statement.

I am today laying before Parliament, “The European Union Finances Statement 2024 on the implementation of the Withdrawal Agreement’” (CP 1296). This is an annual publication; this year’s edition covers the period from 1 January 2024 to 31 December 2024. This publication is available on GOV.UK: https://www.gov.uk/government/collections/eu-annual-statement

The publication sets out the Government’s updated estimate of the financial settlement on withdrawal from the EU. HM Treasury estimates that the current total net value of the financial settlement is £30.7bn since the UK ceased to be an EU Member State in February 2020. Of this, £25.0bn has been paid up to the end of December 2024, and the forecast of future outstanding net liabilities is £5.7bn.