EU Fails Audit for 19th Successive Year

EU Fails Audit for 19th Successive Year

Failing to give the EU accounts for 2012 a clean bill of health for the 19th year in a row, the European Court Auditors (ECA) yesterday warned that 4.8% of EU spending broke the law, up from 3.9% the previous year.

The EU spending watchdog found that supervision and control of Brussels spending worth £117B (€138B) was only “partially effective in ensuring the legality and regularity of payments underlying the accounts”.

The net cost to the UK of EU membership in 2012 was €9B.

Leave a Comment