United Kingdom

The European Commission suspended payments to British projects funded by European Union structural funds at the end of 2010 due to “significant shortcomings” in how the U.K. managed the funds. Regional payments worth €184 million ($250 million) were halted from mid-October to mid-December as the commission investigated into the issue, the Financial Times reports.

“Payments to the UK were interrupted for two months last year because the Commission was concerned that the UK’s management and control systems for regional funds were not sufficient to guarantee that they were being spent legally and properly,” said a spokeswoman for Algirdas Semeta, the EU commissioner in charge of fighting fraud.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.