EU budget deal agreed
European leaders have reached a deal on a €908 billion (£773 billion) EU budget for the next seven years, at a summit in Brussels.
European leaders have reached a deal on a €908 billion (£773 billion) EU budget for the next seven years, at a summit in Brussels.
David Cameron today hailed a real-terms cut in the European Union's next seven-year budget.
After hours of tortuous negotiations over the past two days, the latest EU summit broke up with an agreement that spending for 2014/2020 would be 908 billion euros (£773 billion).
The EU budget deal is victory for David Cameron, but perhaps more accurately a victory for northern Europe over the south.
The EU president will unveil 'exciting' new budget proposals, but getting northern and southern bloc countries to agree will be tricky.