EU Parliament President: Double Brussels budget with EU taxes

European Parliament President Antonio Tajani has once again demonstrated thinking in Brussels, insisting that the European Union needs to double its budget to €280 billion a year with the introduction of EU taxes so that the bloc has its “own resources”.

He has said: “We need…€280 billion instead of €140 billion a year.”

“This will require new EU own resources, such as a financial transaction tax on stock exchanges.”

It comes as the European Union continues to push for increasing military capability, sure to cost plenty of money.

No wonder Tajani recently slammed Theresa May’s opening gambit of €20 billion as “peanuts”. With such lofty fiscal ambitions, it is clearer now why the EU are so keen to milk the British cash cow on the way out.