There can be no better example of why people have such little faith in the current political system than George Osborne’s claim that he has halved the UK’s £1.7bn EU budget surcharge (8th November).
This statement is a highly disingenuous attempt to mask what is in fact a diplomatic disaster for the UK government.
The UK will pay two interest-free sums next year totalling £850m, instead of the larger lump sum by 1st December. However the UK rebate of £785m from Brussels due in 2016 has simply been brought forward to cover the other half due.
To therefore argue that this was some sort of “victory” by the UK is patent nonsense and an insult to human intelligence.