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What Happens to the EU Budget when Britain Leaves? The EU’s Budget Explained – TLDR News

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Britain is a major contributor to the EU’s total budget and without it Europe might struggle to fill the gap. So in this video we explain how the EU’s budget works, what Britain’s exit means and how Europe plans to make the maths work without Britian.

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TLDR is all about getting you up to date with the news of today, without bias and without filter. We want to give you the information you need, so you can make your own decision.

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1 – https://ec.europa.eu/info/strategy/eu-budget/transparency/fact-check_en
2 – https://www.statista.com/chart/18794/net-contributors-to-eu-budget/
3 – https://www.visualcapitalist.com/which-countries-are-the-biggest-boost-or-drag-on-the-eu-budget/
4 – https://www.myeu.uk/
5 – https://www.consilium.europa.eu/en/press/press-releases/2020/02/18/council-sets-its-priorities-for-the-2021-eu-budget/
6 – https://www.consilium.europa.eu/en/infographics/recovery-plan-mff-2021-2027/
7 – https://www.ft.com/content/9c82433c-f846-11e9-a354-36acbbb0d9b6
8 – https://ec.europa.eu/info/sites/info/files/factsheet_budget_contingency_final.pdf

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50 Comments

50 Comments

  1. @martinjones6762

    February 24, 2024 at 6:43 am

    The UK are still paying the EU £58 million a day I believe in 2023

  2. @willieckaslike

    February 24, 2024 at 6:43 am

    Despite all the oratory leading up to the referendum. "they need us more than we need them" , "we hold all the cards" , "there will be £360 MILLION extra for NHS on leaving"! (where did that go I wonder). blah blah blah ! Here on the mainland, we have moved on. But like any political system we have our problems. Generally speaking, we are in a much stronger position since Britain left. In fact, folk from ALL three of the Baltic States, (Latvia, Estonia & Lithuania) Germany, The Netherlands & Italy have claimed even the 'far right of those countries do NOT mention leaving any more. If you need proof of this, simply compare the terms of UE s deal with the "Far Eastern bloc & Individual countries", and the terms of similar deals made by Britain with the same people.

  3. @RidgebackRick

    February 24, 2024 at 6:43 am

    Union, aye right, dont me laugh!

  4. @chronosschiron

    February 24, 2024 at 6:43 am

    MAKE SURE YOU TALK ABOUT CANADA HAVING A FREE TRADE DEAL WITH THE EU
    while its not as huge as britain it has a far better resource base the eu can draw on

  5. @universityofknowledge5848

    February 24, 2024 at 6:43 am

    Energy,money and politics are of independence if combined ,inflation will crash more than just a country but whole Nations………

  6. @universityofknowledge5848

    February 24, 2024 at 6:43 am

    What is the Declaration of Independence and why is it so important to Americans??????

  7. @batcollins3714

    February 24, 2024 at 6:43 am

    We're coping brilliantly with it the constant whining and grandstanding of the English and Welsh. Scotland is welcome back as soon as they declare themselves an independent country as Ireland did

  8. @alberpajares4792

    February 24, 2024 at 6:43 am

    No idea.., you know ¡’m euro-squeptic,.. they want to build something military..,

  9. @aigeneratedwauigi2696

    February 24, 2024 at 6:43 am

    Why is it called Britain? It has northern ireland on it

  10. @markmerry1471

    February 24, 2024 at 6:43 am

    No but how cares

  11. @jamesbowskill362

    February 24, 2024 at 6:43 am

    Its past the time where the UK starts to charge a 'rental' fee to ALL EU fishing boats plundering UK fishing waters, this will offset the annual charge the eu is making on the UK until 2064.
    Clearly, the UK cannot continue funding these eu thieves, the broadcast stated the eu budget works on 7 year cycles, so, on what date did the cycle begin for UK payments to continue (& dont tell me it was the first day of LEAVING as this could be a cycle period of 13 years)…& when does it end..?

  12. @elcid451

    February 24, 2024 at 6:43 am

    Let's start by saying that the EU is not democratic and is controlled by totaitarian fascists!

  13. @redo22

    February 24, 2024 at 6:43 am

    Too bad the British are out of the EU. I hope that the people of Great Britain might change their minds.

  14. @omarfierros4973

    February 24, 2024 at 6:43 am

    Holla Omar Fierros work blue 🤝🙏🇹🇼🇲🇽🇨🇦🇲🇽🇰🇷🇨🇳🇺🇸🇪🇺 okay?

  15. @misterbacon4933

    February 24, 2024 at 6:43 am

    Yes it's now proven.😁

  16. @mrbardel4363

    February 24, 2024 at 6:43 am

    yes .

  17. @lateral1881

    February 24, 2024 at 6:43 am

    Europe is too culturally and historically disparate to be a Union rather than a mutually beneficial cross border political & economic trading platform . The UK will now in the medium term be a net autonomous benefactor as a European country .

  18. @misterbacon4933

    February 24, 2024 at 6:43 am

    Yes we can.. goodby Brexitland!

  19. @julesmarwell8023

    February 24, 2024 at 6:43 am

    in other words the UK was being shafted ??????

  20. @kf9346

    February 24, 2024 at 6:43 am

    Time to turn off the money taps to Poland and Hungary until they learn to play nice with the other adults.

  21. @AnaGonzalez-gh5fx

    February 24, 2024 at 6:43 am

    Yes when you take on 7million refugees

  22. @terryharvey3933

    February 24, 2024 at 6:43 am

    We’ve left! Not our concern!

  23. @markthompson4478

    February 24, 2024 at 6:43 am

    I'm hopeful the EU has fxxxxd off into history very soon.
    Hopefully it takes Islam with it.

  24. @michaelmcmasters3613

    February 24, 2024 at 6:43 am

    Eu is fucked lol 😆

  25. @peterpearson1675

    February 24, 2024 at 6:43 am

    as a brit living in Denmark I see brexit as a catastrophe,but if CANZUK were to become a reality I would see it as one of the best things to happen internationaly for decades.This way we get closer to our best friends and relatives abroad.

  26. @Quetzietse

    February 24, 2024 at 6:43 am

    Kind of off putting that even though the Dutch are the biggest per capita spenders in the EU they are still described as one of the 'frugal' ones. Literally the opposite.

  27. @lukaskola6120

    February 24, 2024 at 6:43 am

    6:26 inititives is misspelled

  28. @janheinbokel3969

    February 24, 2024 at 6:43 am

    Wrong questions: Can Great Britain afford to leave EU? As WE See nowadays they can't

  29. @edwardmoyses4237

    February 24, 2024 at 6:43 am

    Mate already gone

  30. @diedampfbrasse98

    February 24, 2024 at 6:43 am

    thankfully the UK tries hard to send us its business, trade and workforce in order to apologize for its shameful exit. 😉

    The spending numbers lack one important figure here: the return on investment per Euro spend. For the future they may be just projections, but the economies of Germany, Netherlands etc. showed for a long time now that they still get far more out of the EU then they invest and I remember this figures were thrown around once. After all those rich economies dont get their benefits directly from EU spending but from "exploiting" the markets the EU develops with these "membership fees".
    And its often not even that indirectly and far off in the future, considered these small EU economies often dont even have the industry able to fullfill all the contracts made with EU cash. With the UK leaving there is also a strong competitor leaving for those "sponsored by EU" contracts …
    Long story short, I hope we wont see a lot of cuts … Just a little to please the EU critics who dont do the math behind those huge membership fees should be enough to continue the long ongoing trend of getting fat from such generous spending into other markets.

  31. @koenthiels2309

    February 24, 2024 at 6:43 am

    Salut UK

  32. @patrickscanlan3974

    February 24, 2024 at 6:43 am

    Small money , many many tax paying businesses moved from Britain to other European countries.

  33. @TheJonasbz

    February 24, 2024 at 6:43 am

    On way to skip costs is to kick out EU members that not follow the EU rules, like Poland and Hungary, homofobic fascists are not we want in the EU

  34. @thomasjamison2050

    February 24, 2024 at 6:43 am

    Some may be interested to learn that there is another large political system which works on the basis of having larger and richer states fund the smaller and poorer states with the net result apparently being one where the larger group of all the states together still manages to somehow survive economically in the world. It's called the United States of America. Ever hear of it?

  35. @alanmcgowan3457

    February 24, 2024 at 6:43 am

    If the EU budget is € 1,823 billion, a loss from the UK of € 10 billion equates to 0.005% reduction.
    No mention of the cuts to Northern Ireland, Scotland or Wales on their regional development funding by Westminster in this video.

  36. @biacampbell676

    February 24, 2024 at 6:43 am

    Uk MPs from the last 47 years will continue to receive their pensions so must of the “divorce”bill is to cover that, but the British never talk about it. Farage and all the anti EU MPs were paid handsomely and still receiving from EU until they died 😡

  37. @biacampbell676

    February 24, 2024 at 6:43 am

    Would be nice to know for real how much uk paid and received, like to know the balance because uk paid lots money but also got lots money back. Unfortunately that isn’t explained so the people think uk just pays and getting nothing back what’s not true.

  38. @biacampbell676

    February 24, 2024 at 6:43 am

    Now an year later you know what EU did to replace uk contribution. Please explain it to us.

  39. @biacampbell676

    February 24, 2024 at 6:43 am

    The biggest contributors benefit hugely in decision powers and in many other things!

  40. @biacampbell676

    February 24, 2024 at 6:43 am

    11 months later YES EU survived (very well as expected) without uk.

  41. @thomasjamison2050

    February 24, 2024 at 6:43 am

    They EU has a very much larger capability to deal with it's budgetary issues than does that small third world state which is, at least for the moment, known as the UK. Fortunately for the UK, Northern Ireland is recovering more strongly than the rest of the UK due to the fact that it is still effectively on good trading terms with the EU, so that should help the UK to some extent.

  42. @marlenamazura8230

    February 24, 2024 at 6:43 am

    You're actually missing something! The EU plans on funding itself by creating their own revenue streams through taxes etc.! So there will be another way to fill the budget hole

  43. @barrytaylor4447

    February 24, 2024 at 6:43 am

    Out our out a must now

  44. @jerrelhurenkamp5251

    February 24, 2024 at 6:43 am

    Short answer yes. Long answer yes.

  45. @martinengelmann6108

    February 24, 2024 at 6:43 am

    The answer is simple: under the guise of an "EU-levy on non-recycled plastic packaging", the remaining member states have agreed to pay around 7 billion euros per year more into the EU budget. This money flows into the EU budget without earmarking and thus fills the Brexit hole. Member states, especially from Eastern Europe, were kept quiet by discounts.

  46. @VaucluseVanguard

    February 24, 2024 at 6:43 am

    Britain did not leave Europe. Still there. It left the EU which has nothing to do with Europe. Come on lads, you remember from primary school, one is politics and one is geography.

  47. @BlueLiberty20

    February 24, 2024 at 6:43 am

    Could you update us on the budget plan now?

  48. @thexdatabase

    February 24, 2024 at 6:43 am

    eastern european states getting more is just reparations

  49. @thalazimmermann4761

    February 24, 2024 at 6:43 am

    Eu Buged video!!!!

  50. @TeunSegers

    February 24, 2024 at 6:43 am

    6:31 Those damn "inititives", break the budget every time.

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Source list:

Student List program:
https://studenti.org.rs/en/plan/
https://x.com/studentblokade/status/2105208664881557577?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2105208664881557577%7Ctwgr%5E286dd96e36fbc96dbbcd3184e186b4f05377e279%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.danas.rs%2Fvesti%2Fpolitika%2Fstudenti-o-sankcijama-rusiji%2F
https://x.com/studentblokade/status/2055953192458834226
https://newunionpost.eu/2026/09/15/student-list-ready-serbia-elections/

Train station canopy collapse:
https://www.aljazeera.com/news/2025/11/1/mass-protests-planned-as-serbia-marks-anniversary-of-train-station-collapse
https://www.railwaypro.com/wp/president-vucic-inaugurates-novi-sad-subotica-high-speed-line/

CRTA report: https://crta.rs/en/first-interim-report-on-long-term-observation/

Snap elections:
https://www.politico.eu/article/serbia-leader-aleksandar-vucic-calls-snap-elections-after-dissolving-countrys-parliament/
https://srpske.rs/en/news/ekonomija/2026/08/02/serbia-600-million-euro-cash-handout-payment-dates

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Sources:

The EU’s plan to capture US Big Tech revenue
https://www.ft.com/content/ad06ed89-f600-4694-8c95-7d53b6d3315b?syn-25a6b1a6=1
https://www.reuters.com/business/retail-consumer/brussels-looks-capture-big-tech-through-tax-large-corporations-ft-reports-2026-10-07/

EU rejects France’s calls for an EU-wide digital services tax
https://www.ft.com/content/e5a76494-71df-4ee0-a85f-b28f2c94ded6?syn-25a6b1a6=1
https://www.vatcalc.com/global/eu-holds-back-on-digital-services-tax-as-us-raises-retaliation-threat/

EU’s proposed CORE mechanism
https://blogs.lse.ac.uk/europpblog/2025/08/28/the-commissions-foray-into-corporate-taxation-a-core-problem-for-the-eu-budget/
https://commission.europa.eu/strategy-and-policy/eu-budget/long-term-eu-budget/eu-budget-2028-2034_en#driving-prosperity-via-competitiveness-research-and-innovation

US exempted from Pillar 2 of OECD’s global minimum corporate tax agreement
https://youtu.be/85voZ2FJhZk?si=6jVOHTB5CBTKvigd
https://www.theguardian.com/business/2026/jan/06/us-exemption-oecd-global-tax-deal-multinational-companies
https://www.theguardian.com/business/2021/oct/08/oecd-deal-imposes-global-minimum-corporate-tax-of-15

G7 statement on global minimum tax
https://www.canada.ca/en/department-finance/news/2025/06/g7-statement-on-global-minimum-taxes.html
https://www.ey.com/en_gl/technical/tax-alerts/canada-g7-releases-statement-on-global-minimum-tax-pillar-two-and-canada-rescinds-digital-services-tax

European Digital Services Taxes (DSTs)
https://taxfoundation.org/data/all/eu/digital-services-taxes-europe/
https://taxfoundation.org/testimony/pillar-one-digital-services-taxes/
https://www.reuters.com/en/germany-seeks-levy-10-tax-online-platforms-like-google-2025-05-29/

Accusations of tax avoidance by Silicon Valley tech companies
https://www.theguardian.com/us-news/2025/apr/15/silicon-six-accused-of-avoiding-almost-278bn-in-us-corporation-taxes-over-10-years
https://itep.org/trump-meta-tesla-alphabet-amazon-obbba-taxes/
https://itep.org/amazon-alphabet-meta-tesla-pro-trump-tech-companies-avoided-taxes/

0:00 The EU’s Sneaky Plan to Tax US Big Tech Explained
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📰 Too Long: https://toolong.news/
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Sources
Diesel prices/components
https://tradingeconomics.com/united-states/us-diesel-sales-price-$-per-gallon-w-na-fed-data.html
https://tradingeconomics.com/commodity/brent-crude-oil
https://www.ft.com/content/f117f347-e1e0-457c-83fc-ba4745581bb2?syn-25a6b1a6=1

Fuel vs Dem congressional ballot
https://www.economist.com/graphic-detail/2026/09/17/high-petrol-prices-could-hand-democrats-a-mighty-midterm-victory

Trump Truth Social posts
https://truthsocial.com/@realDonaldTrump/posts/117412435306815143
https://truthsocial.com/@realDonaldTrump/posts/117422699218841250

Zelenskyy comments
https://www.axios.com/2026/10/09/exclusive-zelensky-putin-trump-diesel-deal
https://thehill.com/policy/international/6141601-russia-strikes-ukraine-power-plant/

Laws
https://thehill.com/homenews/house/6140830-fitzpatrick-bill-block-russian-oil/
https://www.congress.gov/bill/117th-congress/house-bill/6968
https://ofac.treasury.gov/sanctions-programs-and-country-information/countering-americas-adversaries-through-sanctions-act-related-sanctions
https://www.congress.gov/bill/119th-congress/senate-bill/5025

Reports that Russia lacks refining capacity
https://www.aljazeera.com/news/2026/10/10/why-is-us-turning-to-russia-for-diesel-despite-sanctions

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