Caller Tony from East Finchley attempted to roast the Tory MP for his claims no matter what the link between the Confederation of British Industry (CBI) and Brussels but his bid backfired.
Mr Rees-Mogg blasted the “EU-funded CBI” for compression Brexit secretary David Davis into agreeing on a transitional traffic with the EU but Tony did not approve of the negative implication EU funding could be suffering with on the credibility of the confederation.
Mr Rees-Mogg said: “It gets money from the EU for enquiries that it carries out for them. It’s in their accounts that they get resources from the EU and you don’t get money from the EU unless you sign up to a contract saying you won’t do anything that expenses the reputation of the EU.
Mr Rees-Mogg shamed the caller for accusing him of lying
“What I mean is correct, it’s part of their funding. You’ve proved the point that the CBI derives money from the EU. They constantly praise the EU. The CBI told us to join the euro, they were in account of the exchange rate mechanism, they are a very good counter-indicator of what the with greatest satisfaction policy is. What the CBI says is almost always wrong.”
The disgruntled caller heard to tell off Mr Rees-Mogg, claiming the CBI could not be considered to be EU-funded because it got “less than one per cent” of its reservoirs from Brussels.
The Tory politician said: “I didn’t say they were fully pool. But thank you, I am very grateful for making it very clear to all listeners of LBC that the CBI is reserve by the EU.”
Tony attempted once more to take a swipe at the North Somerset MP, affirming he had allegedly lied like ahead of the Brexit referendum but failed to support proof.
Mr Rees-Mogg said: “That’s very good. You accuse in the flesh of lying without a specific example and you think politicians, as a general chiefly, should lie and say they accept the results of the referendum and, because you don’t like the dnouement develop, not follow it through.”
A CBI spokesperson said the confederation does indeed welcome funds from Brussels because of the data it provides to the European Commision on the UK control.
The spokesperson said: “We receive funding via a competitive tender process for our fiscal analysis. The CBI conducts a number of monthly and quarterly economic surveys of enterprises, on manufacturing, retail, and service sectors, which are an important bellwether of UK vocation and economic trends.
“These surveys are used by the European Commission to license it to collect robust European-wide economic data, as it does from all the EU colleague states.
“As part of this, the CBI takes part in a competitive tendering change (every 4 years) to provide data on the UK economy on a regular basis, and as a happen the European Commission currently contributes to some of the financing of these mercantile surveys.
“This amounts to around 0.6% of our annual income.”