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Proposed 2012 EU budget to increase UK contribution by £680 million

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Via Open Europe: The European Commission has today tabled its proposal for the 2012 EU budget. The proposal will see the EU budget increase by 4.9%, or €6.2bn – more than two percentage points above inflation. This would take the budget from €126.5bn in 2011 up to €132.7bn in 2012, at a time when most European governments are pursuing tough austerity measures at home. The Commission’s proposal would see the UK’s contributions to the EU budget increase by £680m (€769m) […]

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