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

Chancellor 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.

I've had intensive & constructive discussions with other countries & Commission.EU rules will be changed forever so this never happens again

— George Osborne (@George_Osborne) November 7, 2014

Read the full story at: www.rt.com / link to original article

Advertisement