The EU budget is unmanageable

The EU's budget simply doesn't make sense. In its current form, the budget is hugely complex, off-target, unmanageable and hopelessly out of date.

The fundamental problem of waste and mismanagement involving EU money lies primarily with the budget itself – not with the member states, although they should not entirely escape blame.

Every year we get a reminder of the state of the EU's finances, when the Court of Auditors publishes its annual report on the bloc's budget.

The r...