European budget approved

Members of the European Parliament meeting in Strasbourg have approved the European Union's overall budget for the next seven years. They've also voted in favour of regional aid that's expected to deliver €2.1 billion to West Wales and the Valleys.

View all 7 updates ›

Euro budget leaves Wales out of pocket says UKIP

UKIP's MEP for Wales, John Bufton, says Welsh taxpayers will still lose out despite the approval of more than €2bn of European aid. He said:

Signing over such a huge amount of money to the EU is a disastrous move, not least for taxpayers in Wales who will undoubtedly be left hugely out of pocket once again.

In the last funding period, Wales’ taxpayers paid £1.65 for every £1 received back in structural and cohesion funding and under this new EU budget we are likely to see more of the same.

Cohesion funds constitute 34% of the EU spending budget which means we are talking about €325 billion over the next seven years – this figure should really get people thinking about the extortionate cost attached to our membership of the EU.

– John Bufton MEP, UKIP

More top news