EU ministers set to increase climate risk budget
The European Commission has announced that poor countries around the world should be funded to the tune of $2 million-$15 billion a year to help them combat climate risk. This comes at a time when the European markets and European economies are struggling and many EU members are seeing their national budgets in deficit and national debts continuing to rise. While the figure of up to $15 billion a year is only a fraction of the $100 billion which the UN suggests that poor countries around the world need, it is still yet more funding for EU members to find.
Slowly but surely, it seems as though we are moving towards a super-state within Europe with the European Commission head and shoulders above every member state and every member government. As ever, it seems as though countries such as the UK are expected to dig deep into their pockets which will ultimately place more pressure on UK taxpayers and UK businesses. Many are now questioning exactly what the UK population receive from Europe, in the form of money and assistance, while many of the smaller and weaker states appear to be first in the queue for finance.
Share this..
Related stories
Alistair Darling rules out US banking style levy
As we covered yesterday, Barrack Obama has revealed plans to introduce a new levy on the US banking system purely and simply to replenish taxpayer coffers which have been emptied because of the banking rescue package in the states. While there was speculation that the UK government would look towards a similar scheme in the UK, Alistair Darling has today suggested this is not an option and not up...
Read MoreTax credits under fire
Tax credits have come under fire yet again, with MPs claiming there are still problems with overpayments, resulting in "significant suffering".Previous reports into the credits have warned about poor administration causing overpayments and today's study by the public accounts committee (PAC) argues that attempts to remedy this have not been entirely successful.The tax credit system was established...
Read MoreFSA warns banks about remuneration packages
Just 24 hours after the potential £9.6 million remuneration package for Royal bank of Scotland chief executive Stephen Hester was announced, the Financial Services Authority (FSA) has warned banks not to slip into the "business as usual" mode. Without specifically mentioning the Stephen Hester situation it would appear that a number of UK banks have moved into the staff recruitment sector in a ve...
Read MoreAre UK taxpayers growing immune to the ever-growing government debt?
As the UK government today confirmed it had to borrow £8 billion to balance the books in July, a month which has historically seen strong for net tax receipts, it would appear that UK taxpayers are becoming immune to the ever-growing government debt situation. Who would have thought just two years ago that we would be talking in terms of hundreds of billions of pounds of debt and UK taxpayers wou...
Read MoreNon-Dom Tax Changes Set To Hit A Wider Market
In a move which further undermines the UK government’s taxation policy there are major concerns that the new tax rules brought in to catch ‘non-doms’, and ensure that they pay UK taxes on all income, will impact on a wider market. It looks as though not only will the system be very expensive to run and administer, but the middle classes look like suffering the most. As European...
Read More