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E.u. Wants A Budget Increase Of 4.9%

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http://www.telegraph.co.uk/news/worldnews/europe/eu/8462729/British-taxpayers-face-600m-bill-as-EU-defies-Camerons-calls-for-austerity.html

The European Commission will today ignore pleas from the Prime Minister, Angela Merkel and Nicolas Sarkozy for the EU to reduce expenditure in line with painful national cuts to public spending.

Instead of a freeze, or a cut, the EU will later today issue a request for an extra 4.9 per cent (£5.5 billion) in spending for 2012 to swell the Brussels budget to £117billion despite the austerity measures being imposed by member states domestically.

”We have opted for investing in areas that contribute to economic growth and development: the EU budget is an anti-crisis package,” said a senior official.

Had a quick look couldn't see this little gem posted anywhere.

Nice to see the EU troughers looking to improve things for themselves. So member states cut their budgets (apart from the UK who's idea of austerity is to spend more year on year) and the EU awards itself a budget increase.

Nice.

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The joke's on us, isn't it? We will of course just pay up.

A bit like finding money for Ireland, Portugal, India, China, etc.,

Does the EU still have problems getting its accounts signed off?

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The joke's on us, isn't it? We will of course just pay up.

A bit like finding money for Ireland, Portugal, India, China, etc.,

Does the EU still have problems getting its accounts signed off?

...they are not signed off ...and unlikely they ever will ...time to negotiate out.... :rolleyes:

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...they are not signed off ...and unlikely they ever will ...time to negotiate out.... :rolleyes:

I agree this is a seminal moment. The receiver states basically East Europe and the Med countries plus France with the CAP want more spending. It is a no more money when we are cutting at home and if you will not reduce spending then we need to get out moment.

Has the coalition got the gonads for this.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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