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EU CASH CRISIS: Bloc to lose FIFTH of budget as Brexit ends scandal of soaring UK handouts

Lynsey_ADMIN_Lynsey_ADMIN_ Administrator

BRUSSELS is facing a major funding crisis when its cash cow Britain leaves with Brexit set to slash the EU’s budget receipts by up to a fifth, a leading think-tank has warned.

Eurocrats are staring at a colossal spending black hole caused largely by the astonishing rate at which they have milked the UK economy for cash, according to bombshell conclusions published by the European Policy Centre (EPC). 

Experts revealed how Britain’s budget contributions have ballooned at an unprecedented speed and are now a scarcely believable more than 50 times greater than they were when the country joined the bloc in 1973. 


http://www.express.co.uk/news/politics/776622/Brexit-news-EU-cash-crisis-UK-exit-fifth-budget-receipts


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