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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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UKIP: '£50 million a day to be a member of the EU'

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".

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