The vast European Union budget could be slashed overnight by almost a third amid evidence of spiraling expenditure on quangos, empty parliament buildings and staff pay and perks, a damning report has found.
Despite austerity throughout the Continent, the European Commission has proposed a 6.8 per cent increase in EU spending next year, while cutting only six out of almost 41,000 EU jobs, it says.
And for the next long-term EU budget after 2014, Brussels has proposed another 5 per cent increase.
Now, following a line-by-line analysis of EU spending in 2012, think tank Open Europe is to set out an alternative budget that would reduce spending by almost 30 per cent – saving European taxpayers around £33billion annually.
And Britain would reduce its annual gross contribution to the EU budget by almost £4.6billion. More...