European Union (Audit of Benefits and Costs of UK Membership) Bill

The Bill would establish a Commission to carry out regular audits of the costs and benefits of the UK’s membership of the European Union.

Key areas

The Commission would be established within six months of the Bill being passed, and then every five years afterwards.

The Commission would examine issues relating to:

• the economy (including financial contributions to the EU Budget)
• national security and defence
• constitutional arrangements.

The Commission would report to the Chancellor of the Exchequer, who would present the report to both Houses, along with the views of the National Audit Office on it.