Britain told to pay £1.7bn extra to EU budget

Britain has been told it must pay an extra £1.7bn towards the European Union budget because its economy is performing successfully.

The European Commission demanded the UK increase its annual net contribution, which currently stands at £8.6bn, by a fifth following new calculations by the EU.

Prime Minister David Cameron has been at loggerheads with EU officials in Brussels amid talks to renegotiate the conditions of the UK’s membership.

But Mr Cameron, who is at an EU summit in Brussels, has now demanded emergency talks with European finance minsters in a bid to fight against the 20 percent increase in the UK’s membership bill.

Under the new calculations, the UK will have to increase their membership contributions by 20 percent

Under the new calculations, the UK will have to increase their membership contributions by 20 percent

The demand comes at a crucial time time for David Cameron with next month’s Rochester and Strood by-election likely to be won or lost on the UK’s ongoing position in the European Union.

Referring to new calculations, which determine how much each EU member state should contribute based on gross national incomes, UKIP leader Nigel Farage told the BBC: “”It’s pretty outrageous and I think people will be very very angry.

“It leaves Mr Cameron in a hopeless position, because don’t forget, the big claim was that he’d cut the EU budget.”

Mr Cameron is demanding to hold emergency talks with EU officials in Brussels

Mr Cameron is demanding to hold emergency talks with EU officials in Brussels