Tag Archives: budget cut

Daily Headline – 09/02/13

UK; EU budget falls

UK; EU budgetThe European Union budget is set to fall by 3% to £768bn yet the UK’s contribution is still set to increase.

UK tax payers contribution will still go up from anywhere between 1.3% to 6.3%, British Prime Minister David Cameron of the Conservative Party (Tory) said he was “proud” of the deal which was “good for the UK”.

The budget package still needs to be accepted by the European Parliament before it can come into force.

What’s been cut?

Agricultural Policy
Cohesion

What’s been increased?

Competitiveness & research
Rural development & fisheries
EU as a global player
Administration
Citizenship, freedom, security and justice

Who’s the biggest winner?

Competitiveness & research has has the biggest budget increase from €91.4bn to €125.6