Mike Weatherley, the Conservative Member of Parliament for Hove and Portslade, is backing a new campaign to cut the administrative nightmare of sending billions of pounds to the EU in an endless money-go round.
According to the report Off Target: The Case for Bringing Regional Policy Back Home by the Open Europe think-tank, Britain will pay in around £30 billion to the EU’s structural and cohesion funds between 2007 and 2013, but get back just under £9 billion. This is an administrative black hole that encourages bureaucracy on an enormous scale. Mike is confident that if the UK and other richer member states were to pay for their own regional policies, huge savings could be made. For more on the report, click here.
Commenting, Mike said: “Massive sums of money are being wasted by this endless transfer of money around the EU. It’s an outrageous practice that has gone on for too long and must be stopped. I welcome the report by Open Europe and look forward to working towards a more efficient, streamlined EU.”