EU fraud runs into BILLIONS. Accounts unaudited for 19 years.

EU fraud runs into BILLIONS. Accounts unaudited for 19 years.


Published on Tue, 22/04/2014 - 15:38


The EU misspent almost £6 billion in 2012, official auditors found, as the amount of money squandered on fraudulent, illegal or ineligible projects soared by 23 per cent. And for the 19th year in a row, the auditors refused to sign off Europe’s annual accounts.

 

The spending watchdog found that, overall, 4.8 per cent of the EU’s £117billion budget was spent in “error” on projects that were either tainted by fraud or ineligible for grants under Brussels’ rules.This meant £832million of British taxpayers’ contributions was wasted at a time of public spending cuts.

 

Click HERE for one of Britain's foremost experts on the real costs of the European Union. Tim Congdon is one of Britain's leading economists, once called 'one of the wise men' as a member of The Treasury Panel of Independent Forecasters. 

 

Robert Oxley, campaign director of the TaxPayers’ Alliance said: “It is astonishing that the level of fraud in the European Union budget is increasing. It is unacceptable that deep problems with the accounts get swept under the carpet year after year. “The shameless spinning of the accounts is typical of an organisation run by a political elite more concerned with increasing its power and managing its public image than with providing value for taxpayers’ money.”

 

In Downing Street, the Prime Minister’s spokesman said: “It shows yet again why it was right we cut the EU budget and it is yet more evidence for the need for reform in Europe.”

 

European Court Auditors found the “error rate” in EU rural spending, the worst-hit area, had rocketed by 7.9 per cent to £1billion of a £12.6billion budget. The figure rose to 63 per cent of projects directly audited by the watchdog. In one case, a Polish landowner was paid almost £80,000 a year to maintain 350 acres of uncut grassland for the protection of endangered birds. He only met agreed funding requirements for 14 per cent of the land, while receiving 100 per cent of the payments.

 

Philip Bradbourn MEP, the Conservative spokesman on Budgetary control, said: “Another year, another story of lax monitoring and shambolic control. Every year it gets worse. “It is shameful. If you found misappropriation and misspending on this scale in a commercial business, there would be sackings all round. In Brussels, it’s Carry on Squandering.”

 

Ukip’s Nigel Farage added: “It is time the people of Europe were able to get this albatross off their backs – or at least out of their pockets.”   Extract from www.dailyexpress.co.uk 

 

From The Times 23.12.15 -

 

Christmas comes early for Brussels bureaucrats...

 

Tens of thousands of Eurocrats are to receive an inflation-busting pay rise worth €100 million (£74 million), including a bumper Christmas bonus in backpay. All 55,000 European Union officials will be feeling more than the usual festive cheer when a 2.4 per cent pay rise for the last six months of this year drops as a lump sum into their monthly wage packets in time for the Christmas break. Salaries will be boosted by a further 2.4 per cent over the course of next year.

 

More than 10,000 EU officials take home more than David Cameron and the gap is set to widen. The prime minister earns £81,350 after paying taxes, national insurance and pension contributions. These amount to 42 per cent of his gross salary of £142,500. Reducing the EU’s administrative bill is a key part of Mr Cameron’s attempts to renegotiate Britain’s relationship with Europe (UKIP comment 'he has absolutely no chance!) Included in the growing wage bill is an expatriation allowance, paid to more than 80 per cent of EU officials, which is worth an additional 16 per cent of their basic salary if they were recruited outside Brussels. The perk costs more than £221 million a year.

 

Over the coming decades, Britain’s taxpayers face sharp increases in contributions to the Brussels budget because of a growing £42 billion requirement to fund the pensions of EU officials. The union’s estimated total pension liabilities for last year rose by more than £8.6 billion compared with 2013, taking the total exposure for British taxpayers to £5 billion.

 

Read The Times HERE

 

 

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