100billion and counting: What Britain has paid to Brussels in the last 40 yearsHuge bill revealed as European Union demands more spendingDavid Cameron travels to Brussels for ANOTHER summitEurozone signs up to new bank watchdog but Britain remains outsideMove seen as a leap towards a European superstate
15:20 GMT, 13 December 2012
Britain’s membership of the European Union has cost taxpayers almost 100billion since its formation.
As David Cameron travels to Brussels today for another EU summit, it emerged that from 1973 to this year Britain has paid 97billion in net payments.
The Prime Minister is likely to seize on the vast sum when he finally sets out his vision for the UK’s place in Europe in a major speech, now delayed until the New Year.
David Cameron today toured the Airbus UK site in Broughton, North Wales before travelling to the EU summit in Brussels
Mr Cameron is due to attend talks today aimed are establishing a single banking watchdog for Eurozone countries.
But he will insist that Britain will not play a part, in a move likely to further the emergence of a two-speed Europe – those countries who use the single countries and those who do not.
But the move is being seen as a significant step towards a European super state.
The European Parliament yesterday signed off a deal which pushed Britain’s net payment for this year to over 7billion.
It takes the total transferred from Britain to Brussels since Edward Heath signed up to the European bloc to almost 97billion, The Times said. The 100billion landmark is certain to be passed in 2013.
The Prime Minister spoke to apprentices with Welsh Secretary David Jones during his visit
Last month Mr Cameron accused Brussels of existing in a ‘parallel universe’ and ‘insulting taxpayers’ as EU budget talks collapsed in acrimony.
Today he is back in the Belgian capital, this time for talks on the creation of a single banking supervisor for the Eurozone.
It means national governments will no longer have oversight of their banks.
But in an early deal agreed in the early hours, Chancellor George Osborne won safeguards against interference in British banks.
Mr Osborne warned fellow finance ministers against giving the European Central Bank – the new supervisory authority – any powers over eurozone banks in non-eurozone countries when the UK national bank regulator would have no such powers in reverse.
Chancellor George Osborne was in Brussels last night, when eurozone countries agreed a new regulator for banks
A Downing Street spokeswoman said: 'It
shows that when you go in with a clear and principled argument and you
make your case then you can succeed and that's what Britain did last
She added: 'Our objective was to safeguard the single market and with all issues regarding the European Union we want to ensure they are made in the interests of the people of Britain and in our view we had a good outcome last night.'
At today’s summit EU leaders will consider a proposed ‘roadmap’ which, alongside eurozone banking supervision, calls for new measures on bank ‘resolution’ – how to handle failing banks – and how to set minimum standards for deposit guarantee schemes.
Mr Cameron will warn that the necessary tighter economic integration under consideration for the eurozone must not be allowed to undermine the “integrity” of the single market – an EU flagship policy which the UK champions.
Mr Cameron has already made clear that the single market is the one key EU element which must be preserved in any new “settlement” negotiated between the UK and the rest of the EU.