Please Note: This Article is 6 years old. This increases the likelihood that some or all of it's content is now outdated.

Out of the blue, EU hits Britain with a Monopoly Money demand to pay €2.1 billion to the EU Budget by 1 December.

European Commission officials have today confirmed that following budget adjustments Britain is to be asked to contribute an extra €2.1 billion (£1.7 billion) to Europe. What’s more, the extra money demanded by Brussels is expected by 1 December.

The massive discrepancy between what Britain was asked to pay originally, and already revised upwards once before, the Commission claims, is due to the UK’s economic recovery and errors in gross national income (GNI) calculations and adjustments carried out by Eurostat, the EU statistics agency.

British Prime Minister David Cameron reacted with fury at a press conference today when challenging the demand from the European Union for the additional €2.1-billion payment towards this year’s EU budget after revised statistics show Britain is better off than they thought.

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According to the news agency Reuters, EU leaders are now scrambling to defuse a potentially damaging row with London, as it is agreed at a summit in Brussels that their finance ministers would hold emergency talks with the executive European Commission to review the figures.

David Cameron said it is not acceptable; we are not going to get out our cheque book and write a cheque for €2.1-billion, it is not happing!

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Please Note: This Article is 6 years old. This increases the likelihood that some or all of it's content is now outdated.
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