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 said he had succeeded in reducing the EU budget after leaders agreed on a new deal of €908 billion, or £773 billion, for the next seven years.
"Effectively I have slashed 24 billion euros off a real freeze on the last budget," the Prime Minister told reporters in Brussels.
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.