£109billion spent by the EU in 2013 was “affected by material error”

I hope Europe and UK are all asleep … ’cause this is only going to upset them.

And rightly so.

From the UK’s Telegraph newspaper:

• According to the annual report of the European Court of Auditors, seen by The Telegraph, £5.5billion of the EU budget last year was misspent because of controls on spending that were deemed to be only “partially effective” by experts.
• The audit, which will be published on Wednesday, found that £109billion out of a total of £117billion spent by the EU in 2013 was “affected by material error”.
• It means that the Brussels accounts have not been given the all clear for 19 years running.

There’s more at the article, if you really want your blood to boil …

EU auditors refuse to sign off more than £100billion of its own spending