Gwyneth Dunwoody, the chairman of the committee, said: "The Government must stop this folly and endeavour to bring the European Commission to its senses.
"The EU now appears to be sleep-walking into a further vast financial commitment to Galileo which is likely to take the public funding for the project to £10 billion, without any realistic assessment of its costs and benefits.
"We must have independent and up-to-date evidence that proceeding with Galileo is worthwhile, and if it can be demonstrated that Galileo offers good value for tax-payers\’ money. Any decision on funding must be based on sound management of European Union budgets."
It\’s a political project dear: it\’s not amenable to standard cost benefit analysis. Big important people have their own GPS systems. The EU is big and important, thus it will have a GPS system. It\’s dick waving, not rational.