UK Will Only Pay Back Jalf Of £1.7Bn EU Bill – 7 November 2014

RT logoChancellor George Osborne announced the British government will only pay half of its £1.7bn EU bill, payable in two installments due after May’s general election, in a deal struck in Brussels on Friday.

The European Commission had previously demanded £1.7bn to be paid by December 1 – a sum calculated on the basis of the UK’s comparatively healthy growth.

Under Friday’s deal, Britain will now pay £850m.

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