BBC News – UK Treasury opposes EU call for ‘but more cash’

The UK Treasury buildingThe Treasury stated it might push for “price range self-discipline”

The UK Treasury has stated the European Commission shouldn’t be asking for “but more cash” from EU member states.

The fee has revealed proposals to extend the 2014 contributions from members by P.sixteen billion euros (£B.76bn) to cowl elevated prices for progress and jobs schemes, and assist for Ukraine.

It needs A.seventy three billion euros (£A.85bn) in complete however some will come from different sources together with competitors fines.

The Treasury stated the fee ought to use “present funds” to cowl prices.

It stated the actual value to member states can be the upper determine of A.seventy three billion euros – of which the UK share can be about £500m – as all EU cash got here from member states within the first place.

The extra cash being raised from sources comparable to competitors fines ought to be used to fund rebates to member states or minimize future funds, it added.

Maximum spending

Under a mechanism referred to as the “contingency margin”, the European Commission can call for additional funding for unexpected circumstances.

This have to be accepted by the European Council – made up of a senior minister from every member state – after which states can’t refuse to pay.

However, future budgets should lower by the identical quantity to make sure general spending between 2014 and 2020 stays inside agreed limits.

Last yr the EU agreed a seven-yr finances which included an actual-phrases spending reduce, with most spending of 908 billion euros (£738bn at present values) from 2014-20.

The Treasury stated: “At a time when nations throughout Europe proceed to take troublesome selections to cope with deficits, the European Commission shouldn’t be asking Europe’s taxpayers for but more cash.

“The UK firmly believes the EU ought to handle any further spending pressures by means of the reallocation of present funds inside the agreed finances.

“We will work with different governments to realize a finances for this yr which ensures price range self-discipline and displays the financial actuality in Europe, in addition to the robust however truthful deal carried out by the prime minister final yr.”

The European Commission, the one a part of the EU that may suggest legal guidelines, is made up of 1 commissioner chosen by the federal government of every member state.

Its duties embrace making certain EU laws is “appropriately utilized” in member nations.

29 May 2014

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