Cameron: I have slashed EU budget

David Cameron said he had succeeded in reducing the EU budget after leaders agreed on a new deal of €908 billion, or £773 billion, for the next seven years.

"Effectively I have slashed 24 billion euros off a real freeze on the last budget," the Prime Minister told reporters in Brussels.

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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.