What are the options for the EU budget?

The European Commission is pushing for a 5% increase in spending over the period from 2014 to 2020. On November 22 and 23, there will be negotiations to reach a deal.

  • More than 50 Tory MPs joined Labour yesterday in voting for the Government to pursue a cut to the budget
  • The Government wants a budget freeze, meaning it would only rise in line with inflation
  • Deputy Prime Minister Nick Clegg says Britain has 'no hope' of negotiating a cut in real terms
  • Chancellor George Osborne says a freeze would be better than reaching no deal at all
  • If David Cameron vetoes any deal that is reached in the EU, the budget will automatically rise by 2%