Economy

Demeter

(85,373 posts)

21. UK baulks at prospect of interest charges on contested EU bill

Wed Nov 19, 2014, 07:03 AM

Nov 2014

http://uk.reuters.com/article/2014/11/04/uk-britain-politics-eu-idUKKBN0IO1RG20141104

Britain on Tuesday said it would be "wrong" for the European Union to levy late payment charges against it over a hotly-disputed 2.1 billion-euro (1.6 billion pounds) EU budget bill that British Prime Minister David Cameron has refused to pay in its current form.

The row over the bill has heaped pressure on Cameron domestically, where he is already battling the growing popularity of the anti-EU UK Independence Party ahead of a 2015 election and struggling to control rebellious Eurosceptic MPs in his own party.

The surcharge followed a statistical review of national incomes that showed Britain's economy had performed better that previously thought, and was therefore obliged under existing rules to make an extra contribution to the EU budget....

PUNISH THOSE THAT SUCCEED! PUNISH THOSE THAT SPURN THE AUSTERIANS!

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