Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

UK left just in time! EU 'unravels' as Britain dodges huge £150bn bill from Brussels

UK left just in time! EU 'unravels' as Britain dodges huge £150bn bill from Brussels

BRITAIN has managed to already save £150bn, according to a German MEP, who suggested Brexit was the "beginning of the unravelling of the EU".

German MEP Gunnar Beck claimed that Britain had saved €171 billion (£149bn) already "simply by leaving" the EU. In a speech to the European Parliament this week, the MEP suggested that the obvious success of Brexit was "the beginning of the unravelling of the EU". This comes as the eurozone slid into a double-dip recession in the first three months of this year.

Eurozone output dropped due to strict coronavirus lockdown measures, leaving the bloc lagging behind other major economies.

Much of the continent has continued to battle a third wave of coronavirus infections.

Mr Beck said: "Let's look at the facts.

"It is early days but according to the IMF the UK is expected to recover to pre-Covid levels by mid-2022, based on six percent growth this and next year.

"That is compared to a four percent EU recovery."

The MEP suggested that the obvious success of Brexit was 'the beginning of the unravelling of the EU'


He continued: "While the UK's unemployment rate should average 2 percent, it is 4.2 percent for the eurozone.

"And simply by leaving, the UK is now saving €14 billion in terms of budget contributions each year.

"€17 billion for the SURE unemployment programme and a staggering €140 billion gross contributions for non-participation in Next Generation EU."

That amounts to a huge €171 billion saving for the UK.

Mr Beck added: "Britain’s relative success is manifest above all in its vaccination programme.

Eurozone output dropped due to strict coronavirus lockdown measures, leaving the bloc lagging behind other major economies


"Seventy percent of all UK adults have been vaccinated, three times as many as in the eurozone.

"As a result, life is returning to normal in the UK, while many EU countries remain locked down.

"If Brexit is a success, it will be the beginning of the unravelling of the EU."

Much of the continent has continued to battle a third wave of coronavirus infections


In the economic figures released this week, Germany was Europe’s worst-hit major economy, with a quarterly contraction of 1.7 percent.

Spain, Italy and Portugal also saw contractions in their economies.

By contrast, the US reported first-quarter growth of 1.6 percent while China announced a 0.6 percent expansion.

The UK economy grew 0.4 percent in February, and is expected to see an economic bounce in the second quarter.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
Italy Faces Population Decline Amid Youth Emigration
Trump Accuses China of Violating Trade Agreement
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Russia Accuses Serbia of Supplying Arms to Ukraine
Gerry Adams Wins Libel Case Against BBC
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
EU Majority Demands Hungary Reverse Anti-LGBTQ+ Laws
Top Hotel Picks for 2025 Stays in Budapest Revealed
Iron Maiden Unveils 2025 Tour Setlist in Budapest
Chinese Film Week Opens in Budapest to Promote Cultural Exchange
Budapest Airport Launches Direct Flights to Shymkent
Von der Leyen Denies Urging EU Officials to Skip Budapest Pride
Alcaraz and Sinner Advance with Convincing Wins at Roland Garros
EU Ministers Lack Consensus on Sanctioning Hungary Over Rule of Law
EU Nations Urge Action Against Hungary's Pride Parade Ban
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
U.S. Considers Withdrawing Troops from Europe
Russia Deploys Motorbike Squads in Ukraine Conflict
Critics Accuse European Court of Human Rights of Overreach
Spain Proposes 100% Tax on Non-EU Holiday Home Purchases
German Intelligence Labels AfD as Far-Right Extremist
Geert Wilders Threatens Dutch Coalition Over Migration Policy
Hungary Faces Multiple Challenges Amid EU Tensions and Political Shifts
Denmark Increases Retirement Age to 70, Setting a European Precedent
Any trade deal with US must be based on respect not threats', says EU commissioner
UK Leads in Remote Work Adoption, Averaging 1.8 Days a Week
Thirteen Killed in Russian Attacks Across Ukraine
High-Profile Incidents and Political Developments Dominate Global News
Netanyahu Accuses Western Leaders of 'Emboldening Hamas'
Ukraine and Russia Conduct Largest Prisoner Exchange of the War
×