Andy Burnham set to burden John Healey with extra EU costs as Brussels summit risks breaking Budget
The Chancellor could be forced to make room for EU spending in a few weeks' time
TL;DR
- Labour's upcoming summit in Brussels risks breaking the UK's Budget with potential extra payments to the EU.
- A report forecasts that Britain could contribute around £38.7 billion to the EU's Cohesion Policy, potentially costing taxpayers £5.5 billion a year.
- Agreements on the Emissions Trading System (ETS) and Carbon Border Tax (CBAM) could impose a 14% inflationary tax on British industries.
- A proposed Youth Experience Scheme could lead to a significant influx of low-wage labor into the UK, potentially suppressing wages.