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Germany is demanding a reduction in its net budget contribution.
The last government were well aware that Britain's budget contribution was grossly unfair.
Americans have couched this as a request for a general lowering of the ceiling on any regular budget contribution.
In the event, Wilson got little (it was left to Margaret Thatcher to sort out the British budget contribution).
Singapore also left, saying that Unesco was irrelevant to its needs and that the country's budget contribution was too big.
After his spat with Cameron last year over Britain's Nato budget contribution, Obama may again press his European interlocutors to augment their financial commitment.
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The nation would save about £8 billion ($13 billion) a year in net budget contributions.
Another example is Britain's famous "rebate" from its budget contributions to the EU.
Adjustments like these, he says, would be preferable to "opening the Pandora's box" of budget contributions.
The savings from reduced EU budget contributions and regulation are greatly outweighed by the negative impact on trade and investment.
Choices in these domains will most likely be far more important than any deal on budget contributions".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com