Overview

This bill mandates an independent audit of the economic, social, and political costs and benefits of the UK's European Union membership. 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.

Commission Appointment: The Chancellor of the Exchequer appoints the commission members, ensuring a balance of pro- and anti-EU viewpoints, a neutral chair, and the exclusion of individuals with prior involvement in the EU Parliament or Commission.

Commission's Mandate: The Commission's task is to assess the current costs and benefits of UK EU membership, considering its impact on the UK's economy (including public spending and receipts), competitiveness and trade, national security and defence (including immigration), regulatory burden, and sovereignty.

Funding and Support: The Treasury provides administrative support and remuneration to the Commission members.

Reporting: The Commission must submit its report to Parliament within 12 months of its appointment.

Government Spending

The bill will result in government expenditure to fund the commission's operations, including member remuneration and administrative support. The exact amount is not specified in the bill.

Groups Affected

The UK Government: Responsible for appointing the commission, providing funding, and acting on the commission's findings.

The EU Membership Audit Commission: Responsible for conducting the audit and reporting its findings.

The UK Public: Will be impacted by the commission's findings, which may influence future government policy regarding the UK's EU membership.

Pro- and Anti-EU Groups: The bill's requirement for a balanced commission should ensure that both groups' viewpoints are considered.

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