2nd July 2012

 

The EU once again proves to be out of touch as it proposes a 6.8% increase to its budget next year. This is in contrast with Britain and other member states that are raising taxes and cutting public expenditure in order to reduce their deficits.

 

In Britain, the Coalition Government inherited an unsustainable annual deficit of £160 billion in 2010. In the last two years this has been cut by a quarter. Reducing the deficit has been difficult but the British people know it is necessary to live within our means.

 

The EU must act responsibly when setting its budget next year.  Its spending plans should be subject to the same fiscal discipline that the EU expects of member states. British taxpayers will not understand an increase in the EU budget when public spending is being cut at home.

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