According to the European Court of Auditors, €7 billion of the 2013 budget was misspent. However, the EU has a very loose definition of the word ‘misspent’, Here are a few examples of projects judged to be money well spent: €500,000 paid to two fishermen to scrap their boat in the interests of reducing overfishing. That cleared their debts and paid for a new, smaller boat in which they continued fishing. €2.5 million to support an Austrian nomadic contemporary dance troupe. […]

Tags: EU, EU referendum, Fiscal policy, Let's Leave, Parliament, Spending, Taxation