Upcoming Events :
Housing Seminar: Partnerships with the Public Sector – Avoiding the pitfalls
Thu 31 May 2012
Minerva House, 5 Montague Close, London, SE1 9BB
EU plans public spending increase
Thu 26 Aug 2010
The UK government has said it is concerned by plans to increase public spending across the European Union (EU).
A spokesman for the coalition warned that proposals to raise the EU budget next year are "out of step" with the state of affairs in individual nations.
Indeed, he told the Telegraph that since many countries in Europe are currently "tightening their belts", similar steps should be taken by the EU.
The government official was speaking after the newspaper learned that the EU budget is to be raised by 7.6 per cent to £125 billion over the next three years.
However, the spokesman insisted that when the debate on long-term public spending across Europe gets underway later this year, Britain will make a "persuasive case" for reining in the budget.
Chancellor of the exchequer George Osborne recently stated that restoring Britain's public finances to a "sustainable path" would be a crucial part of achieving economic stability.
James Oxley, a solicitor at Winckworth Sherwood, commented: "Whilst it may be attractive for Europe to try and spend its way out of trouble, many European governments, including our own government, are taking what seems like the more prudent route of reducing its spending to contain and manage finances."
