Friday, January 21, 2011

EU Hits Britain with £1 Billion Fines

Britain is to be hit with punitive European Union fines of up to ­£1billion for alleged misuse of Brussels funds, it emerged last night.

European Commission chiefs imposed so-called “financial corrections” totalling £398million on the UK after criticising Whitehall’s use of EU subsidies, the Treasury confirmed.

And officials admitted a further £601million had been set aside to pay expected further EU penalties.'


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