New figures from the Treasury show for the first time that the cost of the decision, dubbed a "surrender" at the time, will continue even after the period covered by BLiar's negotiations ends in 2013. The price of the move to each working household in Britain between 2009 (when the full effect of the lost rebate began to kick in) and 2015 (the date of the next general election) is now put at £694.61.
The rebate was won in 1984 by Margaret Thatcher, however BLiar described it as an "anomaly that has to go" and gave up large chunks of it in return for a vague promise of a root-and-branch reform of the Common Agriculture Policy (CAP), which has never happened.
His decision saw Britain lose £9.4 billion in the period covered by the negotiations, from 2007 to 2013, however, the costs to the UK taxpayer were "back-end loaded" under a complex formula, with her costs rising steeply in 2009. In that year, the amount of "lost" EU rebate was £286 million, rising to £1.2 billion in 2010 and £2 billion from 2011.
Cheers BLiar, you contemptible bastard.
More at TTel.
The rebate was won in 1984 by Margaret Thatcher, however BLiar described it as an "anomaly that has to go" and gave up large chunks of it in return for a vague promise of a root-and-branch reform of the Common Agriculture Policy (CAP), which has never happened.
His decision saw Britain lose £9.4 billion in the period covered by the negotiations, from 2007 to 2013, however, the costs to the UK taxpayer were "back-end loaded" under a complex formula, with her costs rising steeply in 2009. In that year, the amount of "lost" EU rebate was £286 million, rising to £1.2 billion in 2010 and £2 billion from 2011.
Cheers BLiar, you contemptible bastard.
More at TTel.
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