This week, negotiations began in Brussels for the European Union member states to determine how the budget will be implemented in the long term. Meanwhile, five of the member states have been forced to pay high financial charges to compensate for the UK’s exit.
As the Daily Express pointed out, a plenary session is expected to take place today, where an agreement is expected to be reached after months of tough negotiations without any concrete outcome in view of the financial gap left by the UK’s exit from Brexit.
So far, five member countries have committed to taking on much of the funding that was due to the UK, leading to the respective annual payment rates being doubled. Austria, Sweden, Denmark, the Netherlands and Germany would be the nations called upon to increase their financial contributions.
According to Reuters, the current draft budget began in 2014 and will expire next December, so a new financial plan must be implemented, since the bloc’s farmers mainly depend on its support, while governments need it to carry out infrastructure, research, and education projects.
The beginning of the week the President of the European Council Charles Michael together with Ursula von der Leyen, head of the European Commission executive, met with the 22 member countries to discuss the priorities of the budget that would come into effect for the period from 2021 to 2027.
According to a senior official involved in the process, “These are the most difficult negotiations we are facing.”
This is because they have not been able to agree on aspects such as the size of the budget, the volumes of the main policy areas, the sources of income and the possibility of adding new conditions and incentives for the disbursement of EU funds.
As the Daily Express pointed out, in view of the Brexit consummation, the European Parliament ordered the president of the European Council to take strong measures against the United Kingdom before the next trade talks take place.
MEPs voted for a resolution to bring the UK into line with EU environmental, labor, and social measures and equally with state aid, competition, and tax policies.