A storm in a tea cup? Why all the fuss around the EU budget

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Filipa Figueira, Teaching Fellow at UCL’s School of Slavonic and East European Studies, unpacks the politics and the emotional potential of the EU budget, and why Brexit might be good news in this regard. 

Every seven years, the EU braces itself for a strange recurring phenomenon: Its comparatively small budget (only 1% of GNI; insignificant when compared to national governments’ budgets) becomes the focus of rapt attention from the media, politicians and unnerved citizens across the Union. Somehow the fact that this is not in fact a large amount of money in view of the size of the institutions it represents becomes lost in the picture, as politicians from different countries fight to get as much out of the limited pot as possible.

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