UKIP leader Nigel Farage has told ITV Daybreak that Britain cannot afford to be a part of the European Union, when finances back at home are "stretched".
Reuters has reported that EU leaders have agreed the broad lines of a deal of a spending budget of €960 billion for 2014-2020.
Yesterday, David Cameron had said that he would veto a deal unless the numbers "come down".
The EU budget deal is victory for David Cameron, but perhaps more accurately a victory for northern Europe over the south.
The EU president will unveil 'exciting' new budget proposals, but getting northern and southern bloc countries to agree will be tricky.