Thursday 10 December 2009

PBR reveals UK net contributions to EU will soar

I've just had a quick perusal of the PBR, and as highlighted by the Telegraph, the UK's net contribution to the EU is set to rise from £4.8billion in 2009/10 to £6billion in 2010/11 - page 190, footnote 3.

This is an increase of £1.2 billion and means that Britain's contributions have doubled in just three years.

Truly astonishing, at a time when the UK's finances are in a mess we contribute even more - predominantly as a result of the 'deal' Tony Blair struck in 2005 to attempt to reform the CAP.

Incidentally I'm still waiting for CAP reform, so it's demonstrated yet again that far more was given away than won by the UK Government, now where have I heard that before?

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