Historic EU Budget cut on the cards for Cameron

EU leaders have just left their negotiations over the EU budget for a two hour break and so far it’s looking very, very positive for the Prime Minister. Perhaps David Cameron should pick a bracing walk rather than a car into every summit from now on because in the early hours of this morning, EU president Herman Van Rompuy tabled a package that would answer Cameron’s demands for a reduction in spending. This €34.4 billion cut for the spending limits in the multi annual financial framework billion would be the first cut in the budget in the EU’s history.

As I said yesterday, the PM was in a tight spot, not wanting to irritate EU leaders too much, or come back to his own parliament empty handed. He appears to have skilfully negotiated something that keeps both (apart from a very sulky François Hollande) on side. Remember his MPs had sent him to Brussels demanding a cut in the Budget.