CBI Paid £1 Million By Brussels

cbi-voice-of-brussles

Guido’s data bods have crunched the numbers and worked out the Europhile CBI took yet more money from the EU while ‘unofficially’ campaigning for Remain. The big business Brexit scaremongers took £1,092,135 from the European Commission between 2009 and 2016 – £455,448 since Cameron announced he would hold a referendum. This is an increase of over £292,135 since a previous study in 2014 of the CBI’s relationship with the EU. In exchange the CBI campaigned for Britain to join the Euro, backed more transfers of power away from Westminster and lobbied Cameron not to secure major reform in his renegotiation. Via the CBI’s published accounts, it is possible to calculate how valuable both these EU funds and public sector contributions are to the CBI – EU funds equated to 21% of the CBI’s income after tax. 




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