Does the UK 'suffer an £8bn net loss to Europe'?published at 14:24 British Summer Time 5 April 2016
By Anthony Reuben
Reality Check
The claim: Phones4U founder John Caudwell says: "We suffer an £8bn net loss to Europe." He’s referring to the amount of money Britain pays into the EU budget each year.
Reality Check verdict: He’s right on the numbers – the UK contributes just over £8bn a year to the EU Budget after deducting the rebate and direct payments to public and private sector groups in the UK. Whether that counts as a loss depends on your perspective – that money is spent on running EU institutions, pan-European initiatives and projects in other countries.