|This is The Real Reason Cameron ,Osbourne and their Cronies Want us To Remain. Don't believe Their Lies.|
So that when The Daily Telegraph says “that EU auditors refuse to sign off more than £100 billion of its own spending” or the BBC’s John Humphreys on Radio Four’s “Today” says the same thing, they are – according to the EU – the victims of a “misunderstanding”. (I am reproducing the EU Court of Auditors press handout of 11 November 2014 in its entirely below because it is a masterpiece of sleight of hand that deserves to be read word for word, very slowly.)
Some of the EU’s arguments might hold water were it not for one over-arching fact that makes them pale into insignificance. It’s true that, in 2015, the amount not signed off by the Court of Auditors was “only” 4.7% of the budget. The problem is that 4.7% of the budget is 6.97 BILLION Euros – enough to build 70 major hospitals or 150 large secondary schools.