The European Union’s “structural and cohesion funds” have been spent on questionable schemes including a music festival in the Caribbean.
Like every European scheme, it is wrapped up in jargon and its name belies its scale.
Every year, Britain gives around £4.2 billion to Brussels for the European Union’s “structural and cohesion funds”.
Money flows back, too – but a much smaller sum, around £1.2 billion a year from the funds for projects in the UK.
Ministers have no say over how the money is spent in Britain, and each scheme has to show the European flag.
Source: The Telegraph.