Overview

This bill mandates an independent audit of the economic, social, and political costs and benefits of the UK's membership in the European Union. The audit will be conducted by a commission appointed by the Chancellor of the Exchequer and will report its findings to Parliament.

Description

The EU Membership (Audit of Costs and Benefits) Bill establishes a seven-member EU Membership Audit Commission. The Chancellor of the Exchequer will appoint the commission members, ensuring a balance of pro and anti-EU views and appointing a neutral chair. Members cannot be current or former members of the European Parliament or employees of the European Commission.

The Commission's task is to examine the current costs and benefits of UK EU membership across several key areas:

• Economy: This includes analyzing public spending and receipts directly related to EU membership.
• Competitiveness and Trade: The audit will consider the impact of EU membership on the UK's ability to trade freely, including restrictions on trade with non-EU countries.
• National Security and Defence: The Commission will assess the effect of EU membership on the UK's control over immigration and national security.
• Burden of Regulation: The bill directs the commission to evaluate the regulatory impact of EU membership on the UK.
• Sovereignty: The audit will examine the implications of EU membership on UK sovereignty.

The Commission must submit its report to Parliament within twelve months of its appointment. The Treasury will provide administrative and financial support to the Commission.

Government Spending

The bill states that any expenditure incurred by the Treasury in fulfilling its obligations under this Act will be met from funds provided by Parliament. No specific figures are given.

Groups Affected

The following groups may be affected:

• UK Government: Responsible for appointing the Commission and providing funding.
• The EU Membership Audit Commission: Responsible for conducting the audit and producing the report.
• Parliament: Receives the Commission's report and may use it to inform future policy decisions.
• The Public: The report’s findings will inform public debate on the UK's relationship with the EU.
• Businesses: The report may impact business activity in relation to the EU.

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