£4.4BILLION HAS GONE MISSING
EU ACCOUNTING HABITS
HAVE COME TO ENGLAND.
*
eurofacts-www.junepress.com
5th September,
2008
-NATIONAL
AUDIT OFFICE UNABLE TO CONFIRM USE OF EU FUNDS IN
THE UK.
Thirty-five years
after the UK joined the EU, HM Treasury has got
round to publishing its very first "Consolidated
Statement on the use of EU funds in the UK".
This purports to
show, for the year ended 31st March, 2007, the
financial situation in the classic three-part format
of Expenditure Account, Balance Sheet and Cash-Flow
Statement. However, UK contributions to the EU are
not covered by this statement.
The statement is
audited by T.J.Burr, Comptroller & Auditor General
of the National Audit Office. His audit opinion is
"qualified"
[Doesn't believe the figures] -in
other words, he is unable to certify the accounts.
His report says:
"...I have been unable to confirm
that the debtor, creditor and cash balances within
the balance sheet have been compiled on a consistent
basis and are materially complete. As a consequence
I have also been unable to confirm that the
expenditure statement, the cash-flow statement and
levels of UK funding set out in the balance sheet
show a true and fair view"
[As all the main
parties in PARLIAMENT are EUROPHOBES it is most
unlikely that this will be a subject for DEBATE and
will as in the past be conveniently suppressed by
the so-called FREE PRESS. We will have to see if the
waste of taxpayer's money has been filched for using
in EU friendly propaganda or whatever.]
In the year to 31st March 2007 the
statement puts the "gross expenditure (in the UK) on
EU supported projects" at
£4,900,000,000
[As the Uk is one of
the few positive contributors to the EU BUDGET-this
is merely a matter of getting back what we have
already paid]
A comparison
with the figures in the Pink Book 2007 (published by
an AGENCY of HM TREASURY, the OFFICE for NATIONAL
STATISTICS)puts the amount paid by
"EU INSTITUTIONS"
in
the UK in calendar year 2006 at almost double the
Treasury figure,
£9,300,000,000
On the face of it
£4,400,000,000
HAS GONE MISSING
Admittedly, the
definitions are different, but one would have
expected the Treasury and ONS figures to be AT LEAST
of the SAME ORDER OF MAGNITUDE.
The Treasury
statement reports that of the £4.9billion spent in
the UK, £228 million is "disallowed" -clawed-back by
the EU Commission. In the balance sheet,£379
million is reported as cumulated "disallowance
provision".
The Comptroller &
Auditor General (how very Gilbert & Sullivan! )
notes that
"Only the EU Commission is able to determine whether
any breeches have occured and therefore whether any
financial corredtion is due. Any such shortfall in
funding for UK expenditure is
[wait for
it!]
made good by the UK taxpayer". AS USUAL.
Presumably, NO-ONE in HM Treasury has been
FIRED-DISCIPLINED or even gently REPRIMANDED as a
RESULT of what appears the SLOPPY HANDLING of
TAXPAYER'S
'MONEY.
www.hm-treasury.gov.uk-"Consolidated
Statement on the use of EU funds in the UK",
published 17th July 2008.
[A
reminder
that
the
EU
ACCOUNTS
have
not
been
passed
for
over
14
years]
[Each underlined word
has a separate bulletin]
*
OCTOBER -2008 |