Friday, February 8, 2013

EU Budget Fudge Cake

It appears that the leaders of the EU may be within a whisker of agreeing the EU budget for the next seven years.

According to the BBC the next seven year EU budget (estimated at being Euro 908BN/£774BN) is more than 30BN Euros (£25.5BN) lower than the one it will replace.

There is of a course an irony for the UK, as thanks to Blair, our contributions to the EU budget are rising; it is in fact possible for UK's cash contribution to increase by between 1.3% - 1.6%.