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David Cameron hails EU budget cut

David Cameron hailed a real-terms cut in the European Union’s next seven-year budget as a good deal for Britain.

 

The Prime Minister told the House of Commons on Monday the UK had successfully rejected proposals by Europe’s “big spenders” for an increase in the budget, as he fought alongside Germany, the Netherlands and Sweden for a reduction in the EU’s credit card limit.

He told MPs it was “disappointing” that administrative costs were still 6% of the total budget, but he was pleased spending on the Common Agricultural Policy would fall by 13% on the last seven-year budget.

Mr Cameron, who was cheered by Tory back-benchers as he arrived in the Commons, said: “Reform of EU spending is a long-term project but this deal does deliver important progress.

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