Economic Myth Vs Reality Ahead Of EU Vote

The oldest but perhaps the most famous economic nursery story of all, and the one with perhaps the biggest dose of straight-up fiction, relates to the amount Britain pays into the EU Budget. In 2014, the UK's total formal contribution to the EU budget was £18.8bn, which equates to £362m a week, or £52m a day. Leave say Britain would be far better off taking this money and spending it on the NHS or other schemes (they have promised to cut VAT on energy, among other things).