Aidan Regan: The EU needs to raise its own revenue

The onset of Brexit has resulted in a huge conflict over the EU’s budget of €1 trillion

EU leaders in Brussels last week to discuss the bloc’s next long-term budget. Picture: Getty

Government leaders spent last week fighting over the EU budget. The negotiations were shaped by politicians responding to the interests of their different electorates. With rising right-wing nationalism and Euroscepticism in northern Europe, politicians are increasingly taking a tough stance on European affairs. This is making it more and more difficult to reach consensus on how to respond to common European problems.

One of the most important questions facing the EU is whether the 27 ...