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Victory for David Cameron as EU
budget faces cuts for first
time in history

Telegraph [UK], by Bruno Waterfield, James Kirkup

Original Article

Posted By:Attercliffe, 2/8/2013 4:25:54 AM

Proposals tabled early on Friday morning for Brussels budgets for the period 2014 to 2020 would slash the EU´s spending by £30 billion between 2014 and 2020 compared to current levels of spending. The historic cuts package tabled by Herman Van Rompuy, the EU president, after a bitter battle between the Prime Minister and François Hollande, the French President, could save the British taxpayer up to £500 million a year. A "negotiating box" was tabled at 6.30am on Friday morning and the first ever deal that reduces EU expenditure was close to agreement after Angela Merkel, the German Chancellor

      


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Reply 1 - Posted by: Trigger2, 2/8/2013 6:46:28 AM     (No. 9165047)

I´ve no doubt whatsoever that EU budgets follow the US model - automatic 8% increases each and every year. So that so-called savings of L30 Billion isn´t even a cut at all.

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