EU Demands Britain Pay $2.65 Billion Back Charge

By Sam Willie

The BBC’s Economics Editor, Robert Peston, offers a punchy perspective on the European Union's demands that the UK pay an additional $2.65 billion as a result of the UK's strong economic performance. The back charge has come after the EU’s Office for National Statistics recalculated the size of the UK’s national income to include parts of the economy, like research and development, illicit drugs and prostitution. UK PM David Cameron may move to create an alliance of nations to fight the formula based demands. While the sums are comparatively small to the UK’s GDP, the back charge adds fuel to the fire of those who question the UK’s membership in the EU.