Open Europe 06-Dec-13
The Telegraph reports that the latest OBR forecast for the UK’s net contribution to the EU budget is to increase by a cumulative £10bn between 2013-14 and 2017-18. £4.9bn of the increase is “spending neutral”, due to a change in how EU aid contributions are accounted for. However, the rest of
the increase reflects lower than expected VAT revenues and
customs duties across the EU due to the economic downturn,
which will increase direct national contributions. Open
Europe’s Christopher Howarth is quoted as saying, “That the
UK’s contribution is set to increase is disappointing - but it
was always a possibility given the way the EU budget
works. This is why it was so important to secure the cut in
overall spending levels up to 2020, although much of the
budget remains wasteful and irrational.”
To subscribe/unsubscribe email snippets@MilestonesUK.org Your name, country and ecclesia are helpful!
www.MilestonesUK.org for books, creation DVD’s, Prophecy Days details etc. Bro Don Pearce. Rugby
The Telegraph reports that the latest OBR forecast for the UK’s net contribution to the EU budget is to increase by a cumulative £10bn between 2013-14 and 2017-18. £4.9bn of the increase is “spending neutral”, due to a change in how EU aid contributions are accounted for. However, the rest of
the increase reflects lower than expected VAT revenues and
customs duties across the EU due to the economic downturn,
which will increase direct national contributions. Open
Europe’s Christopher Howarth is quoted as saying, “That the
UK’s contribution is set to increase is disappointing - but it
was always a possibility given the way the EU budget
works. This is why it was so important to secure the cut in
overall spending levels up to 2020, although much of the
budget remains wasteful and irrational.”
To subscribe/unsubscribe email snippets@MilestonesUK.org Your name, country and ecclesia are helpful!
www.MilestonesUK.org for books, creation DVD’s, Prophecy Days details etc. Bro Don Pearce. Rugby
No comments:
Post a Comment