U.K. Gov taking a leaf from EU accounting book

In other words, how to pull a fast one with other people’s money.

Gordon Brown was accused last night of trying to ‘sneak out’ a flurry of bad news about the Government’s finances – just as MPs break up for their summer holidays.

The Mail on Sunday has learned that five Whitehall departments have simultaneously chosen ‘Black Monday’ at the ‘fag end’ of the Commons session to reveal problems with their accounts.

Watchdogs at the National Audit Office have ‘qualified’ each set of  figures – meaning that inspectors have serious concerns about the state of the books.

Embarrassingly, the list will include the Treasury – the Prime Minister’s old department and the Ministry that is responsible for policing Whitehall expenditure.

They’re getting there! But the EU are pro’s when it comes to being slimy devious c*nts with our hard earned money.

Here we go again. Today, for the 14th year in a row, the European Court of Auditors will unveil their report, telling us that they refuse to clear the EU accounts. What's worse, no one will really seem to care. We are told that the accounts won't be cleared until 2020 - if then.

And some more details about the EU from Parliamentary Minutes;

The Court of Auditors (CoA) admits that 80 per cent of all taxpayers money is never properly accounted for. Some estimates put the figure as high as 95 per cent, based on the CoA's admission that only administrative expenses (5 per cent of the total) are fully audited and signed off. One CoA member freely admitted—in answer to my direct question—that the EU was already too big ever to be audited properly.

The EU admits to having 662 bank accounts in 45 different countries. It admits some of them are offshore, but refuses to say how many, where they are, or why they are there. It also admits to having "dealings with" another 214,000 bank accounts across the globe.

One of the EU's financial regulations (2342/2002, Article 87(4)) says there is no need to attempt recovery of any sum less than a million euros. There is clear evidence of this loophole being ruthlessly exploited. OLAF knows, the commission knows. Nothing has been done. – from ‘Memorandum by Ashley Mote MEP, European Parliament’