New ‘EU chancellor’ will have the right to meddle in countries’ budgets

BRUSSELS has signed off a controversial new plan to appoint its own finance supremo – with the power to intervene in the domestic budgets of member states.

Jean-Claude Juncker’s European Commission has approved a new ‘agenda for a more united and stronger’ Europe with their own ‘Chancellor of the Exchequer’.

Amid fears that the plan will go even further towards creating an EU superstate, a document sets out how he or she would have powers to make ‘structural reforms’ to budgets within the bloc.

The decision was greeted by Brexiteers as vindication for the UK’s Leave vote.

Pro-Brexit Conservative MP Jacob Rees-Mogg said: ‘This is what many of us thought was the plan all along. Now we have the evidence.’ Ukip MEP Nathan Gill said: ‘We got out in the nick of time.’

He added: ‘These sweeping new developments, including the EU creating its own Chancellor as well as pushing ahead with plans for a continent-wide army, prove Brussels is hurtling at breakneck speed towards becoming a full superstate.’

The Commission agreed last week to build on what it described as the ‘current momentum of confidence’ to accelerate integration by tabling the reforms in the European Parliament. They could be completed by the time of Brexit in March 019.

The paper, entitled The Future Of Europe, calls for a banking union, an EU army by

0 5, a cyber-security agency and expansion to include Serbia and Montenegro.