Local view for "http://purl.org/linkedpolitics/eu/plenary/2016-10-26-Speech-3-227-625"

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"en.20161026.17.3-227-625"2
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"The Multi-Annual Financial Framework is the long-term budget planning for the EU, which sets the maximum the EU can spend. The current period is for 2014-2020, set at EUR 960 billion. When the current MFF was agreed, David Cameron came back from Brussels claiming that he had achieved a cut in the European Union budget. Fast-forward three years, and we see the use of a ‘Flexibility Instrument’ and an Emergency Aid Reserve which operate outside these MFF spending limits. Money collected from fines is no longer returned to the Member States, but used to increase the EU budget through the back door. In practice, this has led to an EU budget of over EUR 1 trillion in today’s prices over the seven-year term of the MFF. This MFF ‘review’ adds to the flexibility; unspent money in any area will be used to increase the budget in others. This resolution calls for the MFF ceilings to be amended and for more resources to be given to the EU budget. Anything which costs British taxpayers even more money in EU spending is inappropriate in the light of the mandate received from the British people on the Brexit vote."@en1
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