EU hits UK with an extra €1 billion for the 2012 budget
The Council and European Parliament have agreed to top up the €9 billion deficit in this year's EU budget. So much for the Prime Minister’s chest beating when he returned Chamberlain-like from Brussels last year with a piece of paper claiming victory on the 2012 budget, writes UKIP MEP Marta Andreasen.
• The European Parliament Budget Committee yesterday voted through increases to the EU Budget for 2012 of €9 billion, bringing the total rise up from 2.02% to 9%. The flagrant move means that the 2.02% rise agreed by Prime Ministers across Europe in December 2011 and hailed as a victory by David Cameron has been torn up. The Committee Chairman Alain Lamassoure declared the result as a victory over David Cameron.
The move also calls into question the very point of an agreed budget if MEPs can perform back door top-ups to the budget whenever they wish.
The EU Institutions claimed today that the extra money was needed to pay for a shortfall of €9 billion in funds to pay for commitments. After detailed negotiations the Council agreed to give the European Parliament an extra €6 billion until the end of the year and the remaining €3 billion early in 2013.
The total cost toUKtaxpayers will be an extra €1 billion.
So much for the Prime Minister’s chest beating when he returned Chamberlain-like from Brussels last year with a piece of paper claiming victory on the 2012 budget with an inflationary rise of 2.02%.
The reality is that MEPs have won and have managed to raise the 2012 budget by 9% on 2011. €6 billion will be front-loaded before the end of the year with the remaining €3 billion coming on stream in early 2013.
This move makes a mockery of the entire budget negotiation. What is the point of EU summits on the Budget if the EU institutions can supersede all the agreements made by the Council of Ministers by back door top-ups at the end of the year?
This creative accounting presents a useful tool in getting the money you wanted but were refused.
The EU Budget process has now descended into farce. Unfortunately taxpayer’s won’t be laughing as they pick up the bill for this fiasco.