Thursday, 26 April 2012 10:22
‘EU demands for an inflation-busting 7 per cent budget increase have been met with outrage by politicians.
Britain would have to shell out an extra £1billion under the European Commission’s proposals for a massive spending boost. Downing Street and the Treasury vowed to fight the demands, saying they were unrealistic.
The Commission’s proposal would increase the EU’s budget by 6.8 per cent to nearly £114billion. Britain’s share, at around 12.5 per cent, would be £16.6billion – a rise of more than £1billion.’