The European Union has had its annual accounts rejected again, for the sixteenth year in a row. The auditors concluded that billions of pounds of EU funds were spent wrongly, such as farmers being paid for crops that were never grown, or sheep being double counted to get extra grants.
The EU has a yearly budget of £88bn, of which £15.5bn comes from the UK (our bill is up £450m on last year, Cameron having failed to abide by a pledge to freeze our contributions.)
If this were a private company the directors would long since have been sent to jail. Instead we are forced to endure this perpetual kleptocracy.