The UK is still the largest net contributor to the EU after Germany – still. The British, however, want to leave the European Union, possibly even without an agreement that regulates the exit. The fact that unregulated Brexit would hit hard not only the UK but also the remaining 27 EU members and their companies has now been calculated by the renowned Brussels Bruegel Research Institute.
By the end of next year, for example, Germany alone would have to pay up to 4.2 billion euros into the EU budget, reported the spark media group, which cited from a letter from the Bruegel Institute to the Bundestag. In the EU budget, a Brexit without an agreement alone from April 2019 to the end of 2020 would result in a total gap of 16.5 billion euros. The additional costs for Germany are only about 200 million euros in revenues from the customs revenue.
Billions in tariffs for German companies feared
The Brussels experts therefore advise the EU to take a hard line – if Britain does not comply with its payment obligations, this must be regarded as a „hostile act“.
Then the EU should not make Great Britain any concessions for necessary emergency measures for a hard Brexit.
In the meantime, the German economy is expecting heavy tariff charges in a chaotic Brexit.
The German Chamber of Commerce and Industry (DIHK) calculates an annual amount of three billion euros in tariffs which German companies would probably have to pay for exports to Great Britain, the spark media group continued.
Added to this would be another 200 million euros for customs formalities.