Brexit & EconomyPoliticsEurope accuses UK of creative accounting

Europe accuses UK of creative accounting

Budget commissioner says Britain uses 'statistical creativity' to keep its rebate

The UK has been accused by the European Union’s top budget official of
creative accounting in an attempt to keep its hotly-contested rebate.

Lithuanian budget commissioner Dalia Grybauskaite launched a stinging attack
on the government, saying it misrepresented its contribution to the EU, less
than a month before a critical summit on the budget convenes.

Grybauskaite said that for the last 20 years the UK had accepted that customs
receipts were part of the EU’s direct revenues and did not count as national
payments.

‘Now the British Treasury integrates that and inflates its payments in an
extraordinary way,’ she said.

Grybauskaite added that the UK showed ‘statistical creativity’ by using its
figures for budget commitments, not all of which are spent in any given year,
rather than actual payments, according to Reuters.

Related Articles

Financial Secretary to the Treasury on cryptocurrency, Brexit and taxing the digital economy

Brexit Financial Secretary to the Treasury on cryptocurrency, Brexit and taxing the digital economy

4w Alia Shoaib, Reporter
HMRC’s refusal to raid top Tory donor Lycamobile to be investigated by MPs

Big Four HMRC’s refusal to raid top Tory donor Lycamobile to be investigated by MPs

4w Alia Shoaib, Reporter
Spring Statement 2018: Spring has sprung as chancellor finds his inner Tigger

Budget Spring Statement 2018: Spring has sprung as chancellor finds his inner Tigger

2m Emma Smith, Managing Editor
Spring Statement live feed

Budget Spring Statement live feed

2m Emma Smith, Managing Editor
Spring Statement 2018: 5 things to look out for

Brexit & Economy Spring Statement 2018: 5 things to look out for

2m Alia Shoaib, Reporter
Financial Secretary to the Treasury on Brexit, Spring Statement, Making Tax Digital and Carillion

Politics Financial Secretary to the Treasury on Brexit, Spring Statement, Making Tax Digital and Carillion

4m Emma Smith, Managing Editor
David Davis, Secretary of State for Exiting the European Union

Brexit & Economy David Davis, Secretary of State for Exiting the European Union

4m Alia Shoaib, Reporter
Philip Hammond, Chancellor of the Exchequer

Brexit & Economy Philip Hammond, Chancellor of the Exchequer

4m Alia Shoaib, Reporter