The wrong sort of rebate: the need to reform the UK budget adjustment

Jim Cuthbert, Margaret Cuthbert, Brian Ashcroft (Editor)

Research output: Contribution to journalArticle

Abstract

In this paper we argue that there is a continuing need for some form of rebate mechanism to iron out anomalies in the funding of the EU, but that the particular form of mechanism used to pay the UK a rebate has had severely adverse consequences, and needs to be reformed. Specifically, we argue that the current form of rebate paid to the UK has had perverse incentive effects, which go a long way towards explaining the UK’s semi-detached relationship with the EU.
LanguageEnglish
Pages45-52
Number of pages8
JournalQuarterly Economic Commentary
Volume30
Issue number2
Publication statusPublished - Jul 2005

Fingerprint

Rebates
Anomaly
Funding
Iron
Incentive effect

Keywords

  • Fraser of Allander Institute
  • Scottish economy
  • rebate
  • UK budget

Cite this

@article{cfd11e1e023c42549bef3d0a5fb83064,
title = "The wrong sort of rebate: the need to reform the UK budget adjustment",
abstract = "In this paper we argue that there is a continuing need for some form of rebate mechanism to iron out anomalies in the funding of the EU, but that the particular form of mechanism used to pay the UK a rebate has had severely adverse consequences, and needs to be reformed. Specifically, we argue that the current form of rebate paid to the UK has had perverse incentive effects, which go a long way towards explaining the UK’s semi-detached relationship with the EU.",
keywords = "Fraser of Allander Institute, Scottish economy, rebate, UK budget",
author = "Jim Cuthbert and Margaret Cuthbert and Brian Ashcroft",
year = "2005",
month = "7",
language = "English",
volume = "30",
pages = "45--52",
journal = "Fraser of Allander Economic Commentary",
issn = "2046-5378",
publisher = "University of Strathclyde",
number = "2",

}

The wrong sort of rebate : the need to reform the UK budget adjustment. / Cuthbert, Jim; Cuthbert, Margaret; Ashcroft, Brian (Editor).

In: Quarterly Economic Commentary, Vol. 30, No. 2, 07.2005, p. 45-52.

Research output: Contribution to journalArticle

TY - JOUR

T1 - The wrong sort of rebate

T2 - Fraser of Allander Economic Commentary

AU - Cuthbert, Jim

AU - Cuthbert, Margaret

A2 - Ashcroft, Brian

PY - 2005/7

Y1 - 2005/7

N2 - In this paper we argue that there is a continuing need for some form of rebate mechanism to iron out anomalies in the funding of the EU, but that the particular form of mechanism used to pay the UK a rebate has had severely adverse consequences, and needs to be reformed. Specifically, we argue that the current form of rebate paid to the UK has had perverse incentive effects, which go a long way towards explaining the UK’s semi-detached relationship with the EU.

AB - In this paper we argue that there is a continuing need for some form of rebate mechanism to iron out anomalies in the funding of the EU, but that the particular form of mechanism used to pay the UK a rebate has had severely adverse consequences, and needs to be reformed. Specifically, we argue that the current form of rebate paid to the UK has had perverse incentive effects, which go a long way towards explaining the UK’s semi-detached relationship with the EU.

KW - Fraser of Allander Institute

KW - Scottish economy

KW - rebate

KW - UK budget

UR - http://www.strath.ac.uk/fraser/

UR - http://www.strath.ac.uk/frasercommentary/

M3 - Article

VL - 30

SP - 45

EP - 52

JO - Fraser of Allander Economic Commentary

JF - Fraser of Allander Economic Commentary

SN - 2046-5378

IS - 2

ER -