UK taxpayers face extra £700m bill as EU swells budget

Author: IFAonline
IFAonline | 20 Apr 2011 | 14:00

Categories: Economics / Markets

Topics: eu| EC| David Cameron

Conservative British prime minister David Cameron in blue tie

British taxpayers are set to stump up more than £10bn to cover EU spending in 2012 - almost £700m more than they paid in 2010, according to The Telegraph.

Defying Prime Minister David Cameron's repeated calls for austerity in EU spending, the European Commission will today issue a request for an extra £5.5bn (4.9%) for next year, swelling the Brussels budget to £117bn.

Britain's proposed £682m increase in contribution for 2012 means UK taxpayers will be paying more than £10bn to the EU at a time when the British government is making cuts, The Telegraph writes.

The government is under pressure to cut soaring British contributions to the EU budget after the publication of official figures last month.

These showed British taxpayers paid a total of £5.3bn to the EU in 2009, which increased to £9.2bn in 2010.

Cameron, Angela Merkel and Nicolas Sarkozy have all called for the EU to reduce expenditure in line with national cuts to public spending.

A senior EU official told The Telegraph the EU budget is an "anti-crisis package".

Last April, Cameron rejected an EU demand for a 6% increase in spending and called for a 0% EU budget freeze.

He lost a close vote over his austerity demand in July but then teamed up with Germany and France to limit the 2011 EU budget increase to a 2.9% increase.

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UK taxpayers face extra £700m bill

This has to stop, we have just shovelled a fortune into the EU to bail out a country which are not prepared to take austerity measures to sort their own problem. We cannot keep wasting money with the EU and other countries we support financially, when our own police forces, armed services, and health services are suffering from shortage of funds.This is without the increase in petrol, VAT and Ni costs for the consumer. Its time someone stood up for this country and tell the EU to get lost.

Posted by: terry

20 Apr 2011 | 15:25
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Fairs Fair

EU funds are helping countries like greece. The greeks protested in the streets at having to work at age 55, whilst we are having to work to age 66. No wonder our bill keeps rising.

Posted by: lol

26 Apr 2011 | 09:54
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