Displaying items by tag: money squandered

The EU squandered millions on overseas projects last year, including paying for broken toilets in Haiti and providing computer systems for empty offices in Jamaica. Auditors examined the EU’s £138 billion annual budget. The budget for aid and overseas projects was around £720 million in total: 3% of this was misspent on items such as a Mozambican radio drama series. They found that a further £4 billion was misspent because the EU Commission had sometimes ‘assumed’ that cash was spent within the rules. The UK pays £9 billion to the EU annually, and the bloc is demanding £39 billion in a Brexit divorce bill - even if there is no deal. Tory MP Nigel Evans said, ‘While we’re in the EU, we have little control over how this money is spent. In fact, it looks as if no-one is in control.’ 2.6% of the EU’s total budget was misspent last year, up from 2.4% from the year before.