For anyone that thought the CAP was good for anything more than making impressive piles of food into museum pieces, here's this little cherry from The Grauniad.
To paraphrase, one third (€14bn) of the CAP budget goes to food companies, not farmers, which is meant to be the legitmating reason for this abomination of welfare policy. These beneficiaries include the elsewhere notorious Gate Gourmet, British Airways' catering firm, whose mile high food provision somehow qualifies for them for £1/2 million subsidy. Also rewarded were Nestle and, sadly too late for Devil's Kitchen, Eton College who admitted they had no idea why they received the money despite inquiries.
The largest British recipient, however, was Tate & Lyle, with £227 million over the two years 2003-4. A quick look at their website shows that CAP subsidy accounted for just under half of total profit over those two years. How many hospitals is that?
So the deal is this: the EU pays €14 billion to companies by some opaque undemocratic process and we get in return ... higher food prices!
... and a few more jobs in creaking industries that could be far more usefully employed elsewhere. The next time I hear anyone bemoan the widening productivity gap between Britain and America I will give them two words to ponder: TATE LYLE.
The capital-mobilising deal maker
13 hours ago