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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.

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EU edges closer towards deal over budget

EU leaders are edging closer to a final agreement on a budget deal this morning after all-night talks in Brussels. David Cameron wants a either a freeze, or cut in European spending for the next seven years.

  • The opening bid amounted to a budget proposal of 913 billion euros, or £778 billion for 2014-2020
  • Twelve hours of discussions produced a new figure early this morning of an estimated 908 billion euros, or £773 billion
  • Yesterday UK government sources insisted David Cameron wanted to see "tens of billions" of cuts on the opening bid

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