Auditors have identified a black hole in European Union budgets that could lead to extra demands for cash from the British taxpayer of up to £34 billion over the next six years.
David Cameron will be legally obliged to make up a share of a shortfall of £259 billion by 2020 with liabilities for the Treasury estimated at £33.7bn, calculated at the usual rate of Britain’s EU contributions.
The hole in EU spending has been identified by the European Court of Auditors and represents a political disaster for the Prime Minister who has made repeated pledges to bring down the amount Britain pays into Brussels budgets.
“The EU’s ability to just grab money from taxpayers whenever it wants is an outrage. It underlines what is structurally wrong with our relationship under the existing treaties," said Bernard Jenkin MP, the chairman of the House of Commons public administration select committee.
"The UK parliament should decide how much we want to pay the EU not bureaucrats in Brussels."
Credit to The Telegraph
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