Dave's Budget Triumph Success?

The noises from Brussels are positive this morning, the overnight negotiations have almost finished, the briefings and spinning has begun. In November the Commission’s demand for €973 billion was revised down to €942 billion. Final figure said to be as little as €908 billion – which would be a real terms cut. It should be borne in mind that in 2011 Britain was targeting a budget settlement of €886 billion, so €908 billion is not quite the unalloyed success that will be claimed by Downing Street. In fact it may turn out to be all smoke and mirrors. The only real test is will the British financial payment to the EU go up…


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