The UK must contribute an extra £1.7bn (€2.1bn) to the European Union's budget after the economy performed better than expected.
The EU is asking for the payment after a revised calculation of how much each member state must contribute, based on gross national incomes, the BBC reports. The payment adds a fifth to the UK's annual...
Taxes will have to increase after the March Budget if the government plans to honour the spending plans in outlined last year, the Institute for Fiscal Studies (IFS) has warned.
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