Cameron: EU budget a 'good deal for Britain'

David Cameron had been pushing for a reduction in the EU budget
David Cameron had been pushing for a reduction in the EU budget

David Cameron said the new budget agreed by European Union leaders was "a good deal for Britain".

"The best way to protect the British taxpayer is to get overall spending down, which we've done. Our contributions were always going to go up, now they'll go up by less," said the Prime Minister.

"I think the British public can be proud that we have cut the seven-year credit card limit for the European Union for the first time ever."

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EU budget deal agreed

European leaders have reached a deal on a €908 billion (£773 billion) EU budget for the next seven years, at a summit in Brussels.