Britain should be proud of EU budget cut, says Cameron

Prime Minister David Cameron hailed a real-terms cut in the European Union’s next seven-year budget yesterday.

Mr Cameron said the British public “can be proud” that the credit limit for Brussels spending had been brought down for the first time in the history of the EU.

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 908billion euros (£773billion).

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